December 1: The government has decided to establish National Vocational Training Academy Development Committee to impart needs-based training to produce skilled and competitive human resources for domestic and international…
December 1: The government has decided to establish National Vocational Training Academy Development Committee to impart needs-based training to produce skilled and competitive human resources for domestic and international…
December 1: The government has decided to accept grant aid of USD 20 million from the World Bank for food security and nutrition…
December 1: The European Union (EU) has maintained the ban imposed on the Nepali airline companies from flying in the European…
December 1: The Ministry of Labor, Employment and Social Security has formed a committee to study the involvement of Nepali citizens in the Russian…
The Nepal Oil Corporation (NOC) has cut down the fuel prices effective from December…
November 30: Nepal Rastra Bank has become flexible towards loan defaulters considering that the number of people blacklisted by banks and financial institutions is rising due to their inability to repay loans on time owing to the economic…
The Nepal Stock Exchange (NEPSE) continued its descent, losing 18.06 points or 0.96%, concluding at 1858.53 points in the week's final trading session on…
November 30: Stakeholders have called for declaring the micro, cottage and small industries as priority sector like agriculture in order to build a self-reliant economy and reduce trade…
November 30: Finland's Olkiluoto 3, the largest nuclear reactor in Europe, stopped production on Wednesday after a test caused the plant unit to unexpectedly go offline, its operator TVO…
November 30: The government has projected that 10 million manpower will be needed in the country's service sector after two…
November 30: Malaysian company Axiata Group Berhad, the main investor of Ncell Axiata Limited, one of the leading telecom companies in Nepal, has announced that it will leave the…
November 30: The Westerly wind along with the low-pressure area that has developed around Rajsthan of India is having a general influence in Nepal at…
November 30: The government has decided to hold the National Assembly elections on January…
Prime Minister Pushpa Kamal Dahal ‘Prachanda’ left for Dubai, the United Arab Emirates, leading the Nepali delegation to the 28th Conference of Parties (COP 28) to the United Nations Framework Convention on Climate Change being held in Dubai from November 30 to December…
Bhim Prasad Gautam has been appointed as the Chief Executive Officer of the Independent Power Producers’ Association, Nepal (IPPAN). IPPAN, the umbrella organization for energy producers, appointed Gautam as the CEO for a term of three years on…
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', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">December 1: The government has decided to establish National Vocational Training Academy Development Committee to impart needs-based training to produce skilled and competitive human resources for domestic and international markets. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Labour, Employment and Social Security (MoLES) decided to form the Academy under the chairmanship of MoLES Secretary Kebal Prasad Bhandari. The Academy shall have 12 Board of Directors. Representatives from Ministry of Finance, Ministry of Education, Ministry of Industry, Foreign Employment Board, the FNCCI, Joint Trade Union Coordination Centre and other related institutions shall represent the Board of Directors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the MoLES, the Academy would conduct and manage training programmes to produce skilled and competitive human resources as well as entrepreneur with skills in line with the domestic and international market needs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A notice on the formation of the National Vocational Training Academy Development Committee has also been published in the Nepal Gazatte. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the publication of the notice, the vocational and skills development academies situated in Bhainsepati, Itahari and Butwal have been brought under the National Vocational Training Academy Development Committee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Commenting on the formation of the National Vocational Training Academy Development Committee, Minister for Labour Sharat Singh Bhandari said the Academy would fulfill the needs of the labour market by producing skilled human resources. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"There is a huge demand for skilled human resources in the national and international market. Nepali workers have not gotten due wages and security for our failure to produce skilled human resources. The Academy shall work to impart international-level training," said the minister. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-12-01', 'modified' => '2023-12-01', 'keywords' => 'vocational, training, academy, committee, government, Nepal, formation, establish, ministry, skill, competitiveness, market, demand, needs', 'description' => '', 'sortorder' => '19338', 'image' => '20231201124704_vocational training.jpg', 'article_date' => '2023-12-01 12:45:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19609', 'article_category_id' => '1', 'title' => 'Nepal Accepts USD 20 Million in Grant from World Bank for Food Security ', 'sub_title' => '', 'summary' => 'December 1: The government has decided to accept grant aid of USD 20 million from the World Bank for food security and nutrition projects. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">December 1: The government has decided to accept grant aid of USD 20 million from the World Bank for food security and nutrition projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharing the decisions made by the recent meeting of the Council of Ministers, Minister for Communications and Information Technology Rekha Sharma said that the government will also accept Rs 650 million grant aid provided by the Swiss government for the development of the education sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, a decision has been made to depute Nepalese Army, Nepal Police and Armed Police Force personnel to build temporary housing for Jajarkot earthquake survivors. According to the decision of the District Security Committee, it has been decided to instruct the relevant agencies to provide the necessary personnel from the Nepalese Army, Nepal Police and Armed Police Force immediately, Minister Sharma said. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-12-01', 'modified' => '2023-12-01', 'keywords' => 'Nepal, world, bank, grant, food, security, million, US, dollar, cabinet, meeting, Council, ministers', 'description' => '', 'sortorder' => '19337', 'image' => '20231201120650_agri maize.jpg', 'article_date' => '2023-12-01 12:06:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19608', 'article_category_id' => '1', 'title' => 'EU Extends Ban on Nepali Airline Companies', 'sub_title' => '', 'summary' => 'December 1: The European Union (EU) has maintained the ban imposed on the Nepali airline companies from flying in the European skies.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">December 1: The European Union (EU) has maintained the ban imposed on the Nepali airline companies from flying in the European skies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The EU has banned Nepali airline companies from flying in its airspace since December 2013 citing safety concerns.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The EU on Thursday published a list of the countries and the airline companies that have banned due to safety concerns. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the list, the aircraft of all airlines of Nepal will not allowed to fly in European skies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the past, the EU had argued that it banned the Nepali airlines companies due to the failure of the Government of Nepal to split the Civil Aviation Authority of Nepal (CAAN) into two entities – a regulatory body and a service provider.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This time, the EU has mentioned that it has not removed the Nepali airliners from the blacklist due to the weakness on security compliance of two airline companies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">CAAN Spokesperson Jagannath Niraula confirmed that the EU has maintained the list of security restrictions this time as well. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“This time, the EU did not point out the weakness of the authority,” he said, adding that the Nepali airliners were not removed from the blacklist because of the weaknesses of the airline companies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A delegation of the EU had conducted an on-site audit of Nepali airline companies from September 11 to 15 and found some shortcomings in the state-owned Nepal Airlines Company and Shree Airlines.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Niraula said that the problems shown in these two companies would be rectified and progress reports would be sent periodically to the EU. He added that the CAAN will now instruct Nepal Airlines and Shree Airlines to improve the shortcomings shown by the EU. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">After conducting the audit in September, the EU prepared a report recommending continuation of the ban on Nepali airline companies. The report mentions that Nepal Airlines and Shree Airlines do not meet the safety standards.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The report further mentions that the restrictions have been kept in place due to the weaknesses and non-compliance of the instructions given by the regulator, lack of flight schedule management, flight time limitation, flight plan among others.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It may be noted that the Nepal Airlines Corporation on Wednesday preponed its scheduled flight to the UAE from 11:30 PM to 9:30 PM without any prior notice just for the convenience of Prime Minister Pushpa Kamal Dahal, who was to travel to the Gulf state to attend the COP summit on the same flight. It led inconvenience to other passengers who were not informed about the decision to prepone the flight. As a result, 31 passengers missed the flight. Later, the flag carrier of Nepal issued a public apology and pledged to accommodate those who missed the flight in the next flight. </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-12-01', 'modified' => '2023-12-01', 'keywords' => 'European, Union, EU, aviation, Nepal, airlines, safety, list, blacklist, concern, airspace, ban, audit, report, recommendation', 'description' => '', 'sortorder' => '19336', 'image' => '20231201113242_naccccc.jpg', 'article_date' => '2023-12-01 11:31:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19607', 'article_category_id' => '1', 'title' => 'Government Forms Committee to Study the Involvement of Nepali Citizens in Russian Army', 'sub_title' => '', 'summary' => 'December 1: The Ministry of Labor, Employment and Social Security has formed a committee to study the involvement of Nepali citizens in the Russian army.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">December 1: The Ministry of Labor, Employment and Social Security has formed a committee to study the involvement of Nepali citizens in the Russian Army. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government started inquiring about how Nepali youths joined the Russian army after the death of four Nepali citizens in the Russia-Ukraine war a few days ago. To end the confusion, the ministry has formed a committee to submit a response with suggestions, said Rajiv Pokharel, the joint-secretary of the ministry. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">There have been concerns that the Nepali nationals who joined the Russian Army used visit visas and student visas to engage in the war which Russia started in February last year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The ministry said that a three-member committee has been formed under the coordination of Deepak Dhakal, under-secretary of the ministry. The committee has been given </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">days to submit the report with recommendations.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-12-01', 'modified' => '2023-12-01', 'keywords' => '', 'description' => '', 'sortorder' => '19335', 'image' => '20231201105827_Russian troops.jpg', 'article_date' => '2023-12-01 10:57:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '19606', 'article_category_id' => '1', 'title' => 'NOC Slashes Fuel Prices', 'sub_title' => '', 'summary' => 'The Nepal Oil Corporation (NOC) has cut down the fuel prices effective from December 1.', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">December 1: The Nepal Oil Corporation (NOC) has cut down the fuel prices effective from December 1. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to a press statement issued on Thursday night, the NOC disclosed that the prices of diesel and kerosene would be reduced by Rs 4 per litre, while the price of petrol would see a decrease of Rs 2 per litre.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite incurring a loss of Rs 300 per cylinder, the NOC decided to keep the price of Liquified Petroleum Gas (LP Gas) unchanged.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Under the new pricing structure, petrol in the Kathmandu Valley, Pokhara, and Doti will cost Rs 170 per litre, while diesel and kerosene in these locations will be priced at Rs 160 per litre, as confirmed by the NOC.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-12-01', 'modified' => '2023-12-01', 'keywords' => '', 'description' => '', 'sortorder' => '19334', 'image' => '20231201054201_collage (26).jpg', 'article_date' => '2023-12-01 05:40:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '19605', 'article_category_id' => '1', 'title' => 'Nepal Rastra Bank Turns Flexible on Blacklisting Provisions', 'sub_title' => '', 'summary' => 'November 30: Nepal Rastra Bank has become flexible towards loan defaulters considering that the number of people blacklisted by banks and financial institutions is rising due to their inability to repay loans on time owing to the economic recession.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 30: Nepal Rastra Bank has become flexible towards loan defaulters considering that the number of people blacklisted by banks and financial institutions is rising due to their inability to repay loans on time owing to the economic recession.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank on Wednesday amended the Unified Directives 2080 and relaxed the provision of blacklisting loan defaulters in the Credit Information Center.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the instructions of the NRB, now the banks and financial institutions will have to first auction the property of the borrowers that had been kept as collateral, before blacklisting the defaulters. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The new directive states that if the recovery from the collateral is not enough, the guarantor should be given 90 days to pay the remaining amount of loan before being blacklisted. Earlier, there was a provision to give a written notice of 35 days to the guarantor before including them in the blacklist.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the new arrangement, now the banks will be allowed to start the recovery process of loan from the guarantor only if the loan is not recovered after the auction of the collateral of the debtor. Until now, banks used to blacklist the borrower along with the guarantor if they failed to repay the loans on time.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the central bank has made arrangements under which if one firm or company affiliated to a joint venture (JV) is blacklisted, other firms and companies associated with the same JV should not be blacklisted. NRB has become flexible after the rise in the number of people blacklisted by the Credit Information Center.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, Nepal Rastra Bank has also turned lenient in case of blacklisted people not being able to open bank accounts. According to the new provision, blacklisted persons can open an account for the purpose of receiving social security allowance and pension amount. Similarly, the central bank has also made provision for blacklisted persons to withdraw their wages, social security allowances, pensions etc from their accounts as per the law.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At present, there is a provision of blacklisting an individual or firm in the Credit Information Center if the principal or interest payment date exceeds 1 year after taking a loan of Rs 1 million or more from a bank or financial institution.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, there is also a provision to blacklist them if it is proven that the loan has been misused, if it is proven that the goods/assets kept in security have been misused, if the debtor disappears, if there is not enough money in the account while issuing cheques. So far, about 70,000 people and companies are on the blacklist of the Credit Information Center.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Blacklisted persons are not allowed to open accounts and take loans from banks and financial institutions. The center also has the right to recommend the government to freeze the passports of such persons. Due to the impact of the Covid-19 pandemic and the slump in economic activities following the Russia-Ukraine war, businessmen have been demanding concessions from the government saying that their ability to pay debts has been weakened.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19333', 'image' => '20231130042312_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-11-30 16:22:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '19604', 'article_category_id' => '1', 'title' => 'NEPSE Dips Further, Investors Brace for Uncertainty', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange (NEPSE) continued its descent, losing 18.06 points or 0.96%, concluding at 1858.53 points in the week's final trading session on Thursday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 30: The Nepal Stock Exchange (NEPSE) continued its descent, losing 18.06 points or 0.96%, concluding at 1858.53 points in the week's final trading session on Thursday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Market analysts and seasoned investors point to the persisting decline as a reflection of investors' prevailing negative sentiment towards the market. They highlight that investors are adopting a cautious stance, eagerly awaiting the outcome of the Nepal Rastra Bank's quarterly review of the monetary policy.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Prem Wali, a veteran investor, emphasized, "The market is unlikely to shift towards an upward trajectory unless regulators consider easing policies governing the stock market."</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During the day, a total of 4,595,553 units of shares changed hands through 37,031 transactions, with 289 scrips traded, amounting to Rs 1.32 billion. Notably, Nepal Insurance Co. Ltd Promoter Share (NICLPO) led the charts with a substantial turnover exceeding Rs 11 crores.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of individual stock performances, Ru Ru Jalbidhyut Pariyojana Limited (RURU) saw the highest gain of 5.63%, whereas Vijaya Laghubitta Bittiya Sanstha Ltd. (VLBS) experienced the most significant loss, plummeting by 10% and hitting the negative circuit for the day.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Across sector indices, all sectors, except Mutual Fund, closed in the red zone. The Hydropower Index recorded the highest loss at 1.73%, while the Trading Index experienced a relatively milder decline at 0.34%.</span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19332', 'image' => '20231130035447_collage (13).jpg', 'article_date' => '2023-11-30 15:53:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '19603', 'article_category_id' => '1', 'title' => 'Stakeholders Call for Declaring Micro, Cottage and Small Industries as Priority Sector ', 'sub_title' => '', 'summary' => 'November 30: Stakeholders have called for declaring the micro, cottage and small industries as priority sector like agriculture in order to build a self-reliant economy and reduce trade deficit. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: Stakeholders have called for declaring the micro, cottage and small industries as priority sector like agriculture in order to build a self-reliant economy and reduce trade deficit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at a policy-level discussion programme organised by the Federation of Nepali Cottage and Small Industries in the capital recently, stakeholders urged the government to declare micro, cottage and small industries as priority sector considering their contribution to build self-sufficient economy and reduction in trade deficit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the federation’s President Umesh Prasad Singh said that promoting the micro, cottage and small industries through Industrial Enterprises Act would help build a prosperous economy.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">He pointed out the need of making a concrete action plan and implementing it for import substitution, export promotion, employment generation and production. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Singh also urged one and all to support the development of 'Virtual Market Place' operated commercially by the private sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the practice of charging 300 per cent fine on industries if they fail to renew their license should be stopped, outgoing President of the Federation, Shyam Prasad Giri, stressed that the acts, rules and work procedures of the federal, provincial and local-level governments should complement each other. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bagmati Province government’s Minister for Industry, Ram Krishna Chitrakar stressed on revising the Acts designed to implement federalism. He added that although the Provincial Industrial Policy has not been made so far, it is in the process of formulation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former Finance Secretary Shishir Dhungana and former Industry Secretary Yam Kumari Khatiwada presented working papers on subjects that needed to be incorporated in and amended in the province's Industrial Enterprises Act. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The programme was organised jointly by the Federation and USAID Trade and Competitiveness. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19331', 'image' => '20231130031315_SMEs.jpg', 'article_date' => '2023-11-30 15:12:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19602', 'article_category_id' => '1', 'title' => 'Europe's Biggest Nuclear Reactor goes Offline Again ', 'sub_title' => '', 'summary' => 'November 30: Finland's Olkiluoto 3, the largest nuclear reactor in Europe, stopped production on Wednesday after a test caused the plant unit to unexpectedly go offline, its operator TVO said. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">November 30: Finland's Olkiluoto 3, the largest nuclear reactor in Europe, stopped production on Wednesday after a test caused the plant unit to unexpectedly go offline, its operator TVO said. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">"During the test, the plant was supposed to produce electricity normally," said Johanna Aho, head of communication at TVO. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Before production was interrupted at 1:35 pm (1135 GMT), Olkiluoto 3 was undergoing a fault ride-through test where a short circuit is created near the power plant. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">"As a result of the test, the production at Olkiluoto 3 was interrupted," TVO said. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The company added that "the cause is being investigated in more detail." </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The reactor only resumed production last Wednesday following a shutdown due to a malfunctioning temperature measurement in the generator's cooling system. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The next-generation European pressurised water reactor (EPR), built by the French-led Areva-Siemens consortium, produces more than 10 percent of Finland's electricity. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Like several other EPR projects, the reactor, located on Finland's southwest coast, was plagued by repeated construction delays and billions of dollars in cost overruns. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Olkiluoto 3 is the single largest nuclear reactor in Europe, while Ukraine's Zaporizhzhia plant, with its six reactors, is the largest nuclear plant. – AFP/RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19330', 'image' => '20231130010718_Untitled.jpg', 'article_date' => '2023-11-30 13:06:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19600', 'article_category_id' => '1', 'title' => 'Service Sector will Require Ten Million Human Resources after Two Decades', 'sub_title' => '', 'summary' => 'November 30: The government has projected that 10 million manpower will be needed in the country's service sector after two decades.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 30: The government has projected that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million manpower will be needed in the country's service sector after two decades. A study on manpower projection conducted by the Ministry of Education has shown that a large number of manpower will be required in the service sector after two decades.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the projection, it is estimated that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">84</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">898</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">human resource will be required in the service sector in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2090</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">BS and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">03</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif""> 00</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">101</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2100</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> BS</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">By the end of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, the current Nepali year, it is estimated that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">45</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">74</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">693</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> manpower will be needed in the service sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The national manpower policy issued by the government has pointed out problems such as ensuring the areas of human resource generation, distribution and utilization. I has also identified lack of scientific projection of sectoral manpower, lack of coordination between the demand and supply of produced manpower, lack of an integrated mechanism to coordinate human resource activities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government is currently holding intensive discussions to implement the policy. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This policy is necessary for the development of sustainable and balanced national human resource by identifying the needs of every sector. The policy envisages creating human capital with technical, professional, scientific and managerial knowledge, endowed with skill and technology. The policy also suggests taking into consideration the demand and supply before producing human resources.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government is planning to form a human resource development commission or a committee with the participation of concerned ministries and the private sector to identify the issue of employment areas at the federal, state and local levels.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government will also set training standards. Issues such as self employment and employment will also be given due consideration.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Under Secretary at the Ministry of Education, Arjun Shrestha, said that this policy has made projections for various sectors and how to manage human resources. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19328', 'image' => '20231130123625_human-resource-management.jpeg', 'article_date' => '2023-11-30 12:35:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19599', 'article_category_id' => '1', 'title' => 'Axiata Announces Exit from Ncell', 'sub_title' => '', 'summary' => 'November 30: Malaysian company Axiata Group Berhad, the main investor of Ncell Axiata Limited, one of the leading telecom companies in Nepal, has announced that it will leave the company.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 30: Malaysian company Axiata Group Berhad, the main investor of Ncell Axiata Limited, one of the leading telecom companies in Nepal, has announced that it will leave the company. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata Group Berhad has announced that it will exit the company by selling its assets and liabilities citing falling business in Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata announced the sale of shares in its quarterly report of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> published on Wednesday. The decision to sell the shares in Ncell has been approved by the Board of Directors meeting held on September </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">29</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report also mentions that the purchase and sale will be completed within </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">12</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> months after the decision to sell the shares is approved.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata Group entered Nepal in purchasing the shares of Ncell from Reynolds Holding Limited of West Indies. The Malaysian company’s share in Ncell is </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. The remaining </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent share is owned by local partner Sunivera Capital Ventures Pvt.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The data of rating agency ICRA Nepal shows that the income of Ncell Axiata Limited has continuously declined for six years. Axiata, which entered Nepal in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2016</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, made the maximum income in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2018.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Since then, its income has continuously declined, according to the September report of ICRA Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the report, the company's operating income of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">59.81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2018</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> has dropped by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">37.40</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the unaudited report of the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, the company has earned an operating income of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">37</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">44</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Axiata's report, Ncell contributed </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1.3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent to Nepal's gross domestic product for the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2021/22. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report also states that the company has paid more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">283</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in taxes to the government so far.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">It is also mentioned in the quarterly report that Ncell has spent more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">75 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion on social causes.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19327', 'image' => '20231130105406_ncell.jpg', 'article_date' => '2023-11-30 10:53:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19597', 'article_category_id' => '1', 'title' => 'Light Rain and Snowfall Likely at Few Places Today ', 'sub_title' => '', 'summary' => 'November 30: The Westerly wind along with the low-pressure area that has developed around Rajsthan of India is having a general influence in Nepal at present. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: The Westerly wind along with the low-pressure area that has developed around Rajsthan of India is having a general influence in Nepal at present. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly to generally cloudy with chances of light rain at some places of the hill region of the country today, November 30. The weather is partly cloudy in Madhes, Bagmati, Gandaki and Lumbini provinces today, and generally fair in the rest of the regions, according to the Meteorological Forecasting Division’s Department of Hydrology and Meteorology. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly to generally cloudy in Koshi, Bagmati, Gandaki, Lumbini and Karnali provinces, and generally fair in the rest of the country towards the afternoon with chances of light rain at one or two places of Madhes, Bagmati, Gandaki and Lumbini provinces and the hill region. There is a possibility of light snowfall at a few places of the high-hill and mountainous region, it is stated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly cloudy in the hill regions of Bagmati, Gandaki, Lumbini, Karnali and Sudurpaschim provinces tonight. There are chances of light snowfall at one or two places in the high-hill and mountainous region of Koshi and Gandaki provinces tonight, the Division said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The sky in Kathmandu Valley is partly cloudy since today morning. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19326', 'image' => '20231130102350_20231031081515_20211108051750_20190228040359_DSC_2752.jpg', 'article_date' => '2023-11-30 10:22:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19598', 'article_category_id' => '1', 'title' => 'NA Election for Vacant Posts to be Held on January 25 ', 'sub_title' => '', 'summary' => 'November 30: The government has decided to hold the National Assembly elections on January 25. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: The government has decided to hold the National Assembly elections on January 25. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Council of Ministers held at the Singha Durbar-based Office of Prime Minister and Council of Ministers took a decision to this effect on Wednesday, according to Minister for Communications and Information Technology, Rekha Sharma. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharma, who is also the government’s spokesperson, informed RSS that the decision was taken in consultation with the Election Commission. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the terms of one third of the NA members i.e. 20 parliamentarians including Chairperson Ganesh Prasad Timilsina will be ending on March 3 next year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The outgoing parliamentarians are Anita Devkota, Jitendra Narayan Dev, Prakash Pantha and Ramesh Jung Raymajhi from Nepali Congress, Indu Kadariya, Deepa Gurung, Dil Kumari Rawal, Kumar Dasaudi, Narpati Luwar, Bhairav Sundar Shrestha and Ramchandra Rai from CPN (UML). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the tenure of Bina Pokharel, Mahesh Kumar Mahara and Hariram Chaudhary from CPN (Maoist Centre), Pramila Kumari of Janata Samajwadi Party, Nanda Chapagain and Singh Bahadur Bishwakarma of CPN (Unified Socialist), independent parliamentarian Khimlal Devkota and nominated parliamentarian Dr Bimala Paudyal is coming to an end. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, Minister Sharma further shared that the government decided to mobilize security agencies for construction of temporary shelters for quake survivors in Jajarkot. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A 6.4 magnitude quake jolted on November 3 in some districts of Karnali Province with epicenter in Jajarkot district inflicting a massive loss of lives and properties. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharma said that additional human resources would be deployed in the quake affected areas for construction of such shelters if demand is made from the Chief District Officers. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19325', 'image' => '20231130103111_20230713052749_parliament building.jpg', 'article_date' => '2023-11-30 10:30:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '19596', 'article_category_id' => '1', 'title' => 'PM Dahal off to the UAE to Attend COP-28', 'sub_title' => '', 'summary' => 'Prime Minister Pushpa Kamal Dahal ‘Prachanda’ left for Dubai, the United Arab Emirates, leading the Nepali delegation to the 28th Conference of Parties (COP 28) to the United Nations Framework Convention on Climate Change being held in Dubai from November 30 to December 12.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 30: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ left for Dubai, the United Arab Emirates, leading the Nepali delegation to the 28th Conference of Parties (COP 28) to the United Nations Framework Convention on Climate Change being held in Dubai from November 30 to December 12. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Prime Minister Dahal is scheduled to attend the high-level segment of the COP-28 World Climate Action Summit being held from December 1 to 2. He will also deliver a national statement on December 02. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, Dahal is scheduled to attend the 52nd Union Day celebration of the UAE and Zayed Sustainability Prize Awards ceremony hosted by the UAE. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During the visit, the Prime Minister is hosting a high-level side event entitled 'Call of the Mountain: Who Saves us from the Climate Crisis?' on December 2 to raise the voice of Nepal on climate change as well as to promote mountain agenda in the COP negotiation process. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the margins of the high-level segment, he will have bilateral meetings with heads of state, heads of government and other dignitaries attending the conference.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Moreover, Prime Minister Dahal will visit the Embassy of Nepal in Abu Dhabi, interact with Nepali community and address the Nepal-UAE Business Summit. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He is accompanied by his daughter Ganga Dahal, Minister for Forest and Environment Dr Birendra Prasad Mahato and other senior officials of government. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Prime Minister was seen off at Tribhuvan International Airport by the Speaker, Deputy Prime Ministers, and Ministers. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19324', 'image' => '20231130060428_collage (25).jpg', 'article_date' => '2023-11-30 06:02:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '19595', 'article_category_id' => '1', 'title' => 'Bhim Prasad Gautam New CEO of IPPAN', 'sub_title' => '', 'summary' => 'Bhim Prasad Gautam has been appointed as the Chief Executive Officer of the Independent Power Producers’ Association, Nepal (IPPAN). IPPAN, the umbrella organization for energy producers, appointed Gautam as the CEO for a term of three years on Wednesday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 29: Bhim Prasad Gautam has been appointed as the Chief Executive Officer of the Independent Power Producers’ Association, Nepal (IPPAN). IPPAN, the umbrella organization for energy producers, appointed Gautam as the CEO for a term of three years on Wednesday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">IPPAN President Ganesh Karki welcomed Gautam as the new CEO, expressing confidence that under his leadership, the organization would achieve new heights. The newly appointed CEO, Gautam, also pledged to contribute fully to IPPAN's growth during his tenure.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Gautam, a seasoned journalist from Banepa, Kavrepalanchok, has over two decades of experience in journalism, particularly in the fields of energy and infrastructure. He has been actively involved in addressing various issues related to energy and has served as the former president of the The Society of Economic Journalists-Nepal (SEJON). </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Gautam, who holds a master's degree in journalism from Tribhuvan University, currently conducts research as the executive director of the Center for Investigative Journalism, Nepal. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19323', 'image' => '20231129044412_collage (12).jpg', 'article_date' => '2023-11-29 16:43:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '19610', 'article_category_id' => '1', 'title' => 'Govt to Establish Vocational Training Academy ', 'sub_title' => '', 'summary' => 'December 1: The government has decided to establish National Vocational Training Academy Development Committee to impart needs-based training to produce skilled and competitive human resources for domestic and international markets. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">December 1: The government has decided to establish National Vocational Training Academy Development Committee to impart needs-based training to produce skilled and competitive human resources for domestic and international markets. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Labour, Employment and Social Security (MoLES) decided to form the Academy under the chairmanship of MoLES Secretary Kebal Prasad Bhandari. The Academy shall have 12 Board of Directors. Representatives from Ministry of Finance, Ministry of Education, Ministry of Industry, Foreign Employment Board, the FNCCI, Joint Trade Union Coordination Centre and other related institutions shall represent the Board of Directors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the MoLES, the Academy would conduct and manage training programmes to produce skilled and competitive human resources as well as entrepreneur with skills in line with the domestic and international market needs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A notice on the formation of the National Vocational Training Academy Development Committee has also been published in the Nepal Gazatte. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the publication of the notice, the vocational and skills development academies situated in Bhainsepati, Itahari and Butwal have been brought under the National Vocational Training Academy Development Committee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Commenting on the formation of the National Vocational Training Academy Development Committee, Minister for Labour Sharat Singh Bhandari said the Academy would fulfill the needs of the labour market by producing skilled human resources. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"There is a huge demand for skilled human resources in the national and international market. Nepali workers have not gotten due wages and security for our failure to produce skilled human resources. The Academy shall work to impart international-level training," said the minister. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-12-01', 'modified' => '2023-12-01', 'keywords' => 'vocational, training, academy, committee, government, Nepal, formation, establish, ministry, skill, competitiveness, market, demand, needs', 'description' => '', 'sortorder' => '19338', 'image' => '20231201124704_vocational training.jpg', 'article_date' => '2023-12-01 12:45:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19609', 'article_category_id' => '1', 'title' => 'Nepal Accepts USD 20 Million in Grant from World Bank for Food Security ', 'sub_title' => '', 'summary' => 'December 1: The government has decided to accept grant aid of USD 20 million from the World Bank for food security and nutrition projects. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">December 1: The government has decided to accept grant aid of USD 20 million from the World Bank for food security and nutrition projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharing the decisions made by the recent meeting of the Council of Ministers, Minister for Communications and Information Technology Rekha Sharma said that the government will also accept Rs 650 million grant aid provided by the Swiss government for the development of the education sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, a decision has been made to depute Nepalese Army, Nepal Police and Armed Police Force personnel to build temporary housing for Jajarkot earthquake survivors. According to the decision of the District Security Committee, it has been decided to instruct the relevant agencies to provide the necessary personnel from the Nepalese Army, Nepal Police and Armed Police Force immediately, Minister Sharma said. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-12-01', 'modified' => '2023-12-01', 'keywords' => 'Nepal, world, bank, grant, food, security, million, US, dollar, cabinet, meeting, Council, ministers', 'description' => '', 'sortorder' => '19337', 'image' => '20231201120650_agri maize.jpg', 'article_date' => '2023-12-01 12:06:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19608', 'article_category_id' => '1', 'title' => 'EU Extends Ban on Nepali Airline Companies', 'sub_title' => '', 'summary' => 'December 1: The European Union (EU) has maintained the ban imposed on the Nepali airline companies from flying in the European skies.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">December 1: The European Union (EU) has maintained the ban imposed on the Nepali airline companies from flying in the European skies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The EU has banned Nepali airline companies from flying in its airspace since December 2013 citing safety concerns.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The EU on Thursday published a list of the countries and the airline companies that have banned due to safety concerns. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the list, the aircraft of all airlines of Nepal will not allowed to fly in European skies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the past, the EU had argued that it banned the Nepali airlines companies due to the failure of the Government of Nepal to split the Civil Aviation Authority of Nepal (CAAN) into two entities – a regulatory body and a service provider.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This time, the EU has mentioned that it has not removed the Nepali airliners from the blacklist due to the weakness on security compliance of two airline companies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">CAAN Spokesperson Jagannath Niraula confirmed that the EU has maintained the list of security restrictions this time as well. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“This time, the EU did not point out the weakness of the authority,” he said, adding that the Nepali airliners were not removed from the blacklist because of the weaknesses of the airline companies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A delegation of the EU had conducted an on-site audit of Nepali airline companies from September 11 to 15 and found some shortcomings in the state-owned Nepal Airlines Company and Shree Airlines.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Niraula said that the problems shown in these two companies would be rectified and progress reports would be sent periodically to the EU. He added that the CAAN will now instruct Nepal Airlines and Shree Airlines to improve the shortcomings shown by the EU. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">After conducting the audit in September, the EU prepared a report recommending continuation of the ban on Nepali airline companies. The report mentions that Nepal Airlines and Shree Airlines do not meet the safety standards.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The report further mentions that the restrictions have been kept in place due to the weaknesses and non-compliance of the instructions given by the regulator, lack of flight schedule management, flight time limitation, flight plan among others.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It may be noted that the Nepal Airlines Corporation on Wednesday preponed its scheduled flight to the UAE from 11:30 PM to 9:30 PM without any prior notice just for the convenience of Prime Minister Pushpa Kamal Dahal, who was to travel to the Gulf state to attend the COP summit on the same flight. It led inconvenience to other passengers who were not informed about the decision to prepone the flight. As a result, 31 passengers missed the flight. Later, the flag carrier of Nepal issued a public apology and pledged to accommodate those who missed the flight in the next flight. </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-12-01', 'modified' => '2023-12-01', 'keywords' => 'European, Union, EU, aviation, Nepal, airlines, safety, list, blacklist, concern, airspace, ban, audit, report, recommendation', 'description' => '', 'sortorder' => '19336', 'image' => '20231201113242_naccccc.jpg', 'article_date' => '2023-12-01 11:31:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19607', 'article_category_id' => '1', 'title' => 'Government Forms Committee to Study the Involvement of Nepali Citizens in Russian Army', 'sub_title' => '', 'summary' => 'December 1: The Ministry of Labor, Employment and Social Security has formed a committee to study the involvement of Nepali citizens in the Russian army.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">December 1: The Ministry of Labor, Employment and Social Security has formed a committee to study the involvement of Nepali citizens in the Russian Army. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government started inquiring about how Nepali youths joined the Russian army after the death of four Nepali citizens in the Russia-Ukraine war a few days ago. To end the confusion, the ministry has formed a committee to submit a response with suggestions, said Rajiv Pokharel, the joint-secretary of the ministry. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">There have been concerns that the Nepali nationals who joined the Russian Army used visit visas and student visas to engage in the war which Russia started in February last year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The ministry said that a three-member committee has been formed under the coordination of Deepak Dhakal, under-secretary of the ministry. The committee has been given </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">days to submit the report with recommendations.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-12-01', 'modified' => '2023-12-01', 'keywords' => '', 'description' => '', 'sortorder' => '19335', 'image' => '20231201105827_Russian troops.jpg', 'article_date' => '2023-12-01 10:57:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '19606', 'article_category_id' => '1', 'title' => 'NOC Slashes Fuel Prices', 'sub_title' => '', 'summary' => 'The Nepal Oil Corporation (NOC) has cut down the fuel prices effective from December 1.', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">December 1: The Nepal Oil Corporation (NOC) has cut down the fuel prices effective from December 1. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to a press statement issued on Thursday night, the NOC disclosed that the prices of diesel and kerosene would be reduced by Rs 4 per litre, while the price of petrol would see a decrease of Rs 2 per litre.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite incurring a loss of Rs 300 per cylinder, the NOC decided to keep the price of Liquified Petroleum Gas (LP Gas) unchanged.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Under the new pricing structure, petrol in the Kathmandu Valley, Pokhara, and Doti will cost Rs 170 per litre, while diesel and kerosene in these locations will be priced at Rs 160 per litre, as confirmed by the NOC.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-12-01', 'modified' => '2023-12-01', 'keywords' => '', 'description' => '', 'sortorder' => '19334', 'image' => '20231201054201_collage (26).jpg', 'article_date' => '2023-12-01 05:40:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '19605', 'article_category_id' => '1', 'title' => 'Nepal Rastra Bank Turns Flexible on Blacklisting Provisions', 'sub_title' => '', 'summary' => 'November 30: Nepal Rastra Bank has become flexible towards loan defaulters considering that the number of people blacklisted by banks and financial institutions is rising due to their inability to repay loans on time owing to the economic recession.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 30: Nepal Rastra Bank has become flexible towards loan defaulters considering that the number of people blacklisted by banks and financial institutions is rising due to their inability to repay loans on time owing to the economic recession.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank on Wednesday amended the Unified Directives 2080 and relaxed the provision of blacklisting loan defaulters in the Credit Information Center.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the instructions of the NRB, now the banks and financial institutions will have to first auction the property of the borrowers that had been kept as collateral, before blacklisting the defaulters. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The new directive states that if the recovery from the collateral is not enough, the guarantor should be given 90 days to pay the remaining amount of loan before being blacklisted. Earlier, there was a provision to give a written notice of 35 days to the guarantor before including them in the blacklist.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the new arrangement, now the banks will be allowed to start the recovery process of loan from the guarantor only if the loan is not recovered after the auction of the collateral of the debtor. Until now, banks used to blacklist the borrower along with the guarantor if they failed to repay the loans on time.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the central bank has made arrangements under which if one firm or company affiliated to a joint venture (JV) is blacklisted, other firms and companies associated with the same JV should not be blacklisted. NRB has become flexible after the rise in the number of people blacklisted by the Credit Information Center.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, Nepal Rastra Bank has also turned lenient in case of blacklisted people not being able to open bank accounts. According to the new provision, blacklisted persons can open an account for the purpose of receiving social security allowance and pension amount. Similarly, the central bank has also made provision for blacklisted persons to withdraw their wages, social security allowances, pensions etc from their accounts as per the law.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At present, there is a provision of blacklisting an individual or firm in the Credit Information Center if the principal or interest payment date exceeds 1 year after taking a loan of Rs 1 million or more from a bank or financial institution.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, there is also a provision to blacklist them if it is proven that the loan has been misused, if it is proven that the goods/assets kept in security have been misused, if the debtor disappears, if there is not enough money in the account while issuing cheques. So far, about 70,000 people and companies are on the blacklist of the Credit Information Center.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Blacklisted persons are not allowed to open accounts and take loans from banks and financial institutions. The center also has the right to recommend the government to freeze the passports of such persons. Due to the impact of the Covid-19 pandemic and the slump in economic activities following the Russia-Ukraine war, businessmen have been demanding concessions from the government saying that their ability to pay debts has been weakened.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19333', 'image' => '20231130042312_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-11-30 16:22:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '19604', 'article_category_id' => '1', 'title' => 'NEPSE Dips Further, Investors Brace for Uncertainty', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange (NEPSE) continued its descent, losing 18.06 points or 0.96%, concluding at 1858.53 points in the week's final trading session on Thursday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 30: The Nepal Stock Exchange (NEPSE) continued its descent, losing 18.06 points or 0.96%, concluding at 1858.53 points in the week's final trading session on Thursday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Market analysts and seasoned investors point to the persisting decline as a reflection of investors' prevailing negative sentiment towards the market. They highlight that investors are adopting a cautious stance, eagerly awaiting the outcome of the Nepal Rastra Bank's quarterly review of the monetary policy.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Prem Wali, a veteran investor, emphasized, "The market is unlikely to shift towards an upward trajectory unless regulators consider easing policies governing the stock market."</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During the day, a total of 4,595,553 units of shares changed hands through 37,031 transactions, with 289 scrips traded, amounting to Rs 1.32 billion. Notably, Nepal Insurance Co. Ltd Promoter Share (NICLPO) led the charts with a substantial turnover exceeding Rs 11 crores.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of individual stock performances, Ru Ru Jalbidhyut Pariyojana Limited (RURU) saw the highest gain of 5.63%, whereas Vijaya Laghubitta Bittiya Sanstha Ltd. (VLBS) experienced the most significant loss, plummeting by 10% and hitting the negative circuit for the day.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Across sector indices, all sectors, except Mutual Fund, closed in the red zone. The Hydropower Index recorded the highest loss at 1.73%, while the Trading Index experienced a relatively milder decline at 0.34%.</span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19332', 'image' => '20231130035447_collage (13).jpg', 'article_date' => '2023-11-30 15:53:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '19603', 'article_category_id' => '1', 'title' => 'Stakeholders Call for Declaring Micro, Cottage and Small Industries as Priority Sector ', 'sub_title' => '', 'summary' => 'November 30: Stakeholders have called for declaring the micro, cottage and small industries as priority sector like agriculture in order to build a self-reliant economy and reduce trade deficit. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: Stakeholders have called for declaring the micro, cottage and small industries as priority sector like agriculture in order to build a self-reliant economy and reduce trade deficit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at a policy-level discussion programme organised by the Federation of Nepali Cottage and Small Industries in the capital recently, stakeholders urged the government to declare micro, cottage and small industries as priority sector considering their contribution to build self-sufficient economy and reduction in trade deficit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the federation’s President Umesh Prasad Singh said that promoting the micro, cottage and small industries through Industrial Enterprises Act would help build a prosperous economy.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">He pointed out the need of making a concrete action plan and implementing it for import substitution, export promotion, employment generation and production. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Singh also urged one and all to support the development of 'Virtual Market Place' operated commercially by the private sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the practice of charging 300 per cent fine on industries if they fail to renew their license should be stopped, outgoing President of the Federation, Shyam Prasad Giri, stressed that the acts, rules and work procedures of the federal, provincial and local-level governments should complement each other. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bagmati Province government’s Minister for Industry, Ram Krishna Chitrakar stressed on revising the Acts designed to implement federalism. He added that although the Provincial Industrial Policy has not been made so far, it is in the process of formulation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former Finance Secretary Shishir Dhungana and former Industry Secretary Yam Kumari Khatiwada presented working papers on subjects that needed to be incorporated in and amended in the province's Industrial Enterprises Act. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The programme was organised jointly by the Federation and USAID Trade and Competitiveness. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19331', 'image' => '20231130031315_SMEs.jpg', 'article_date' => '2023-11-30 15:12:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19602', 'article_category_id' => '1', 'title' => 'Europe's Biggest Nuclear Reactor goes Offline Again ', 'sub_title' => '', 'summary' => 'November 30: Finland's Olkiluoto 3, the largest nuclear reactor in Europe, stopped production on Wednesday after a test caused the plant unit to unexpectedly go offline, its operator TVO said. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">November 30: Finland's Olkiluoto 3, the largest nuclear reactor in Europe, stopped production on Wednesday after a test caused the plant unit to unexpectedly go offline, its operator TVO said. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">"During the test, the plant was supposed to produce electricity normally," said Johanna Aho, head of communication at TVO. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Before production was interrupted at 1:35 pm (1135 GMT), Olkiluoto 3 was undergoing a fault ride-through test where a short circuit is created near the power plant. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">"As a result of the test, the production at Olkiluoto 3 was interrupted," TVO said. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The company added that "the cause is being investigated in more detail." </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The reactor only resumed production last Wednesday following a shutdown due to a malfunctioning temperature measurement in the generator's cooling system. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The next-generation European pressurised water reactor (EPR), built by the French-led Areva-Siemens consortium, produces more than 10 percent of Finland's electricity. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Like several other EPR projects, the reactor, located on Finland's southwest coast, was plagued by repeated construction delays and billions of dollars in cost overruns. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Olkiluoto 3 is the single largest nuclear reactor in Europe, while Ukraine's Zaporizhzhia plant, with its six reactors, is the largest nuclear plant. – AFP/RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19330', 'image' => '20231130010718_Untitled.jpg', 'article_date' => '2023-11-30 13:06:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19600', 'article_category_id' => '1', 'title' => 'Service Sector will Require Ten Million Human Resources after Two Decades', 'sub_title' => '', 'summary' => 'November 30: The government has projected that 10 million manpower will be needed in the country's service sector after two decades.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 30: The government has projected that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million manpower will be needed in the country's service sector after two decades. A study on manpower projection conducted by the Ministry of Education has shown that a large number of manpower will be required in the service sector after two decades.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the projection, it is estimated that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">84</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">898</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">human resource will be required in the service sector in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2090</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">BS and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">03</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif""> 00</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">101</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2100</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> BS</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">By the end of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, the current Nepali year, it is estimated that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">45</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">74</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">693</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> manpower will be needed in the service sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The national manpower policy issued by the government has pointed out problems such as ensuring the areas of human resource generation, distribution and utilization. I has also identified lack of scientific projection of sectoral manpower, lack of coordination between the demand and supply of produced manpower, lack of an integrated mechanism to coordinate human resource activities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government is currently holding intensive discussions to implement the policy. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This policy is necessary for the development of sustainable and balanced national human resource by identifying the needs of every sector. The policy envisages creating human capital with technical, professional, scientific and managerial knowledge, endowed with skill and technology. The policy also suggests taking into consideration the demand and supply before producing human resources.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government is planning to form a human resource development commission or a committee with the participation of concerned ministries and the private sector to identify the issue of employment areas at the federal, state and local levels.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government will also set training standards. Issues such as self employment and employment will also be given due consideration.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Under Secretary at the Ministry of Education, Arjun Shrestha, said that this policy has made projections for various sectors and how to manage human resources. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19328', 'image' => '20231130123625_human-resource-management.jpeg', 'article_date' => '2023-11-30 12:35:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19599', 'article_category_id' => '1', 'title' => 'Axiata Announces Exit from Ncell', 'sub_title' => '', 'summary' => 'November 30: Malaysian company Axiata Group Berhad, the main investor of Ncell Axiata Limited, one of the leading telecom companies in Nepal, has announced that it will leave the company.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 30: Malaysian company Axiata Group Berhad, the main investor of Ncell Axiata Limited, one of the leading telecom companies in Nepal, has announced that it will leave the company. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata Group Berhad has announced that it will exit the company by selling its assets and liabilities citing falling business in Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata announced the sale of shares in its quarterly report of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> published on Wednesday. The decision to sell the shares in Ncell has been approved by the Board of Directors meeting held on September </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">29</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report also mentions that the purchase and sale will be completed within </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">12</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> months after the decision to sell the shares is approved.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata Group entered Nepal in purchasing the shares of Ncell from Reynolds Holding Limited of West Indies. The Malaysian company’s share in Ncell is </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. The remaining </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent share is owned by local partner Sunivera Capital Ventures Pvt.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The data of rating agency ICRA Nepal shows that the income of Ncell Axiata Limited has continuously declined for six years. Axiata, which entered Nepal in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2016</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, made the maximum income in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2018.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Since then, its income has continuously declined, according to the September report of ICRA Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the report, the company's operating income of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">59.81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2018</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> has dropped by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">37.40</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the unaudited report of the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, the company has earned an operating income of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">37</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">44</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Axiata's report, Ncell contributed </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1.3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent to Nepal's gross domestic product for the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2021/22. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report also states that the company has paid more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">283</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in taxes to the government so far.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">It is also mentioned in the quarterly report that Ncell has spent more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">75 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion on social causes.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19327', 'image' => '20231130105406_ncell.jpg', 'article_date' => '2023-11-30 10:53:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19597', 'article_category_id' => '1', 'title' => 'Light Rain and Snowfall Likely at Few Places Today ', 'sub_title' => '', 'summary' => 'November 30: The Westerly wind along with the low-pressure area that has developed around Rajsthan of India is having a general influence in Nepal at present. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: The Westerly wind along with the low-pressure area that has developed around Rajsthan of India is having a general influence in Nepal at present. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly to generally cloudy with chances of light rain at some places of the hill region of the country today, November 30. The weather is partly cloudy in Madhes, Bagmati, Gandaki and Lumbini provinces today, and generally fair in the rest of the regions, according to the Meteorological Forecasting Division’s Department of Hydrology and Meteorology. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly to generally cloudy in Koshi, Bagmati, Gandaki, Lumbini and Karnali provinces, and generally fair in the rest of the country towards the afternoon with chances of light rain at one or two places of Madhes, Bagmati, Gandaki and Lumbini provinces and the hill region. There is a possibility of light snowfall at a few places of the high-hill and mountainous region, it is stated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly cloudy in the hill regions of Bagmati, Gandaki, Lumbini, Karnali and Sudurpaschim provinces tonight. There are chances of light snowfall at one or two places in the high-hill and mountainous region of Koshi and Gandaki provinces tonight, the Division said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The sky in Kathmandu Valley is partly cloudy since today morning. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19326', 'image' => '20231130102350_20231031081515_20211108051750_20190228040359_DSC_2752.jpg', 'article_date' => '2023-11-30 10:22:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19598', 'article_category_id' => '1', 'title' => 'NA Election for Vacant Posts to be Held on January 25 ', 'sub_title' => '', 'summary' => 'November 30: The government has decided to hold the National Assembly elections on January 25. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: The government has decided to hold the National Assembly elections on January 25. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Council of Ministers held at the Singha Durbar-based Office of Prime Minister and Council of Ministers took a decision to this effect on Wednesday, according to Minister for Communications and Information Technology, Rekha Sharma. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharma, who is also the government’s spokesperson, informed RSS that the decision was taken in consultation with the Election Commission. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the terms of one third of the NA members i.e. 20 parliamentarians including Chairperson Ganesh Prasad Timilsina will be ending on March 3 next year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The outgoing parliamentarians are Anita Devkota, Jitendra Narayan Dev, Prakash Pantha and Ramesh Jung Raymajhi from Nepali Congress, Indu Kadariya, Deepa Gurung, Dil Kumari Rawal, Kumar Dasaudi, Narpati Luwar, Bhairav Sundar Shrestha and Ramchandra Rai from CPN (UML). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the tenure of Bina Pokharel, Mahesh Kumar Mahara and Hariram Chaudhary from CPN (Maoist Centre), Pramila Kumari of Janata Samajwadi Party, Nanda Chapagain and Singh Bahadur Bishwakarma of CPN (Unified Socialist), independent parliamentarian Khimlal Devkota and nominated parliamentarian Dr Bimala Paudyal is coming to an end. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, Minister Sharma further shared that the government decided to mobilize security agencies for construction of temporary shelters for quake survivors in Jajarkot. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A 6.4 magnitude quake jolted on November 3 in some districts of Karnali Province with epicenter in Jajarkot district inflicting a massive loss of lives and properties. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharma said that additional human resources would be deployed in the quake affected areas for construction of such shelters if demand is made from the Chief District Officers. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19325', 'image' => '20231130103111_20230713052749_parliament building.jpg', 'article_date' => '2023-11-30 10:30:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '19596', 'article_category_id' => '1', 'title' => 'PM Dahal off to the UAE to Attend COP-28', 'sub_title' => '', 'summary' => 'Prime Minister Pushpa Kamal Dahal ‘Prachanda’ left for Dubai, the United Arab Emirates, leading the Nepali delegation to the 28th Conference of Parties (COP 28) to the United Nations Framework Convention on Climate Change being held in Dubai from November 30 to December 12.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 30: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ left for Dubai, the United Arab Emirates, leading the Nepali delegation to the 28th Conference of Parties (COP 28) to the United Nations Framework Convention on Climate Change being held in Dubai from November 30 to December 12. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Prime Minister Dahal is scheduled to attend the high-level segment of the COP-28 World Climate Action Summit being held from December 1 to 2. He will also deliver a national statement on December 02. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, Dahal is scheduled to attend the 52nd Union Day celebration of the UAE and Zayed Sustainability Prize Awards ceremony hosted by the UAE. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During the visit, the Prime Minister is hosting a high-level side event entitled 'Call of the Mountain: Who Saves us from the Climate Crisis?' on December 2 to raise the voice of Nepal on climate change as well as to promote mountain agenda in the COP negotiation process. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the margins of the high-level segment, he will have bilateral meetings with heads of state, heads of government and other dignitaries attending the conference.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Moreover, Prime Minister Dahal will visit the Embassy of Nepal in Abu Dhabi, interact with Nepali community and address the Nepal-UAE Business Summit. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He is accompanied by his daughter Ganga Dahal, Minister for Forest and Environment Dr Birendra Prasad Mahato and other senior officials of government. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Prime Minister was seen off at Tribhuvan International Airport by the Speaker, Deputy Prime Ministers, and Ministers. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19324', 'image' => '20231130060428_collage (25).jpg', 'article_date' => '2023-11-30 06:02:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '19595', 'article_category_id' => '1', 'title' => 'Bhim Prasad Gautam New CEO of IPPAN', 'sub_title' => '', 'summary' => 'Bhim Prasad Gautam has been appointed as the Chief Executive Officer of the Independent Power Producers’ Association, Nepal (IPPAN). IPPAN, the umbrella organization for energy producers, appointed Gautam as the CEO for a term of three years on Wednesday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 29: Bhim Prasad Gautam has been appointed as the Chief Executive Officer of the Independent Power Producers’ Association, Nepal (IPPAN). IPPAN, the umbrella organization for energy producers, appointed Gautam as the CEO for a term of three years on Wednesday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">IPPAN President Ganesh Karki welcomed Gautam as the new CEO, expressing confidence that under his leadership, the organization would achieve new heights. The newly appointed CEO, Gautam, also pledged to contribute fully to IPPAN's growth during his tenure.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Gautam, a seasoned journalist from Banepa, Kavrepalanchok, has over two decades of experience in journalism, particularly in the fields of energy and infrastructure. He has been actively involved in addressing various issues related to energy and has served as the former president of the The Society of Economic Journalists-Nepal (SEJON). </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Gautam, who holds a master's degree in journalism from Tribhuvan University, currently conducts research as the executive director of the Center for Investigative Journalism, Nepal. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19323', 'image' => '20231129044412_collage (12).jpg', 'article_date' => '2023-11-29 16:43:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '19610', 'article_category_id' => '1', 'title' => 'Govt to Establish Vocational Training Academy ', 'sub_title' => '', 'summary' => 'December 1: The government has decided to establish National Vocational Training Academy Development Committee to impart needs-based training to produce skilled and competitive human resources for domestic and international markets. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">December 1: The government has decided to establish National Vocational Training Academy Development Committee to impart needs-based training to produce skilled and competitive human resources for domestic and international markets. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Labour, Employment and Social Security (MoLES) decided to form the Academy under the chairmanship of MoLES Secretary Kebal Prasad Bhandari. The Academy shall have 12 Board of Directors. Representatives from Ministry of Finance, Ministry of Education, Ministry of Industry, Foreign Employment Board, the FNCCI, Joint Trade Union Coordination Centre and other related institutions shall represent the Board of Directors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the MoLES, the Academy would conduct and manage training programmes to produce skilled and competitive human resources as well as entrepreneur with skills in line with the domestic and international market needs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A notice on the formation of the National Vocational Training Academy Development Committee has also been published in the Nepal Gazatte. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the publication of the notice, the vocational and skills development academies situated in Bhainsepati, Itahari and Butwal have been brought under the National Vocational Training Academy Development Committee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Commenting on the formation of the National Vocational Training Academy Development Committee, Minister for Labour Sharat Singh Bhandari said the Academy would fulfill the needs of the labour market by producing skilled human resources. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"There is a huge demand for skilled human resources in the national and international market. Nepali workers have not gotten due wages and security for our failure to produce skilled human resources. The Academy shall work to impart international-level training," said the minister. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-12-01', 'modified' => '2023-12-01', 'keywords' => 'vocational, training, academy, committee, government, Nepal, formation, establish, ministry, skill, competitiveness, market, demand, needs', 'description' => '', 'sortorder' => '19338', 'image' => '20231201124704_vocational training.jpg', 'article_date' => '2023-12-01 12:45:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19609', 'article_category_id' => '1', 'title' => 'Nepal Accepts USD 20 Million in Grant from World Bank for Food Security ', 'sub_title' => '', 'summary' => 'December 1: The government has decided to accept grant aid of USD 20 million from the World Bank for food security and nutrition projects. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">December 1: The government has decided to accept grant aid of USD 20 million from the World Bank for food security and nutrition projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharing the decisions made by the recent meeting of the Council of Ministers, Minister for Communications and Information Technology Rekha Sharma said that the government will also accept Rs 650 million grant aid provided by the Swiss government for the development of the education sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, a decision has been made to depute Nepalese Army, Nepal Police and Armed Police Force personnel to build temporary housing for Jajarkot earthquake survivors. According to the decision of the District Security Committee, it has been decided to instruct the relevant agencies to provide the necessary personnel from the Nepalese Army, Nepal Police and Armed Police Force immediately, Minister Sharma said. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-12-01', 'modified' => '2023-12-01', 'keywords' => 'Nepal, world, bank, grant, food, security, million, US, dollar, cabinet, meeting, Council, ministers', 'description' => '', 'sortorder' => '19337', 'image' => '20231201120650_agri maize.jpg', 'article_date' => '2023-12-01 12:06:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19608', 'article_category_id' => '1', 'title' => 'EU Extends Ban on Nepali Airline Companies', 'sub_title' => '', 'summary' => 'December 1: The European Union (EU) has maintained the ban imposed on the Nepali airline companies from flying in the European skies.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">December 1: The European Union (EU) has maintained the ban imposed on the Nepali airline companies from flying in the European skies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The EU has banned Nepali airline companies from flying in its airspace since December 2013 citing safety concerns.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The EU on Thursday published a list of the countries and the airline companies that have banned due to safety concerns. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the list, the aircraft of all airlines of Nepal will not allowed to fly in European skies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the past, the EU had argued that it banned the Nepali airlines companies due to the failure of the Government of Nepal to split the Civil Aviation Authority of Nepal (CAAN) into two entities – a regulatory body and a service provider.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This time, the EU has mentioned that it has not removed the Nepali airliners from the blacklist due to the weakness on security compliance of two airline companies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">CAAN Spokesperson Jagannath Niraula confirmed that the EU has maintained the list of security restrictions this time as well. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“This time, the EU did not point out the weakness of the authority,” he said, adding that the Nepali airliners were not removed from the blacklist because of the weaknesses of the airline companies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A delegation of the EU had conducted an on-site audit of Nepali airline companies from September 11 to 15 and found some shortcomings in the state-owned Nepal Airlines Company and Shree Airlines.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Niraula said that the problems shown in these two companies would be rectified and progress reports would be sent periodically to the EU. He added that the CAAN will now instruct Nepal Airlines and Shree Airlines to improve the shortcomings shown by the EU. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">After conducting the audit in September, the EU prepared a report recommending continuation of the ban on Nepali airline companies. The report mentions that Nepal Airlines and Shree Airlines do not meet the safety standards.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The report further mentions that the restrictions have been kept in place due to the weaknesses and non-compliance of the instructions given by the regulator, lack of flight schedule management, flight time limitation, flight plan among others.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It may be noted that the Nepal Airlines Corporation on Wednesday preponed its scheduled flight to the UAE from 11:30 PM to 9:30 PM without any prior notice just for the convenience of Prime Minister Pushpa Kamal Dahal, who was to travel to the Gulf state to attend the COP summit on the same flight. It led inconvenience to other passengers who were not informed about the decision to prepone the flight. As a result, 31 passengers missed the flight. Later, the flag carrier of Nepal issued a public apology and pledged to accommodate those who missed the flight in the next flight. </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-12-01', 'modified' => '2023-12-01', 'keywords' => 'European, Union, EU, aviation, Nepal, airlines, safety, list, blacklist, concern, airspace, ban, audit, report, recommendation', 'description' => '', 'sortorder' => '19336', 'image' => '20231201113242_naccccc.jpg', 'article_date' => '2023-12-01 11:31:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19607', 'article_category_id' => '1', 'title' => 'Government Forms Committee to Study the Involvement of Nepali Citizens in Russian Army', 'sub_title' => '', 'summary' => 'December 1: The Ministry of Labor, Employment and Social Security has formed a committee to study the involvement of Nepali citizens in the Russian army.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">December 1: The Ministry of Labor, Employment and Social Security has formed a committee to study the involvement of Nepali citizens in the Russian Army. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government started inquiring about how Nepali youths joined the Russian army after the death of four Nepali citizens in the Russia-Ukraine war a few days ago. To end the confusion, the ministry has formed a committee to submit a response with suggestions, said Rajiv Pokharel, the joint-secretary of the ministry. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">There have been concerns that the Nepali nationals who joined the Russian Army used visit visas and student visas to engage in the war which Russia started in February last year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The ministry said that a three-member committee has been formed under the coordination of Deepak Dhakal, under-secretary of the ministry. The committee has been given </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">days to submit the report with recommendations.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-12-01', 'modified' => '2023-12-01', 'keywords' => '', 'description' => '', 'sortorder' => '19335', 'image' => '20231201105827_Russian troops.jpg', 'article_date' => '2023-12-01 10:57:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '19606', 'article_category_id' => '1', 'title' => 'NOC Slashes Fuel Prices', 'sub_title' => '', 'summary' => 'The Nepal Oil Corporation (NOC) has cut down the fuel prices effective from December 1.', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">December 1: The Nepal Oil Corporation (NOC) has cut down the fuel prices effective from December 1. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to a press statement issued on Thursday night, the NOC disclosed that the prices of diesel and kerosene would be reduced by Rs 4 per litre, while the price of petrol would see a decrease of Rs 2 per litre.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite incurring a loss of Rs 300 per cylinder, the NOC decided to keep the price of Liquified Petroleum Gas (LP Gas) unchanged.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Under the new pricing structure, petrol in the Kathmandu Valley, Pokhara, and Doti will cost Rs 170 per litre, while diesel and kerosene in these locations will be priced at Rs 160 per litre, as confirmed by the NOC.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-12-01', 'modified' => '2023-12-01', 'keywords' => '', 'description' => '', 'sortorder' => '19334', 'image' => '20231201054201_collage (26).jpg', 'article_date' => '2023-12-01 05:40:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '19605', 'article_category_id' => '1', 'title' => 'Nepal Rastra Bank Turns Flexible on Blacklisting Provisions', 'sub_title' => '', 'summary' => 'November 30: Nepal Rastra Bank has become flexible towards loan defaulters considering that the number of people blacklisted by banks and financial institutions is rising due to their inability to repay loans on time owing to the economic recession.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 30: Nepal Rastra Bank has become flexible towards loan defaulters considering that the number of people blacklisted by banks and financial institutions is rising due to their inability to repay loans on time owing to the economic recession.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank on Wednesday amended the Unified Directives 2080 and relaxed the provision of blacklisting loan defaulters in the Credit Information Center.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the instructions of the NRB, now the banks and financial institutions will have to first auction the property of the borrowers that had been kept as collateral, before blacklisting the defaulters. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The new directive states that if the recovery from the collateral is not enough, the guarantor should be given 90 days to pay the remaining amount of loan before being blacklisted. Earlier, there was a provision to give a written notice of 35 days to the guarantor before including them in the blacklist.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the new arrangement, now the banks will be allowed to start the recovery process of loan from the guarantor only if the loan is not recovered after the auction of the collateral of the debtor. Until now, banks used to blacklist the borrower along with the guarantor if they failed to repay the loans on time.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the central bank has made arrangements under which if one firm or company affiliated to a joint venture (JV) is blacklisted, other firms and companies associated with the same JV should not be blacklisted. NRB has become flexible after the rise in the number of people blacklisted by the Credit Information Center.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, Nepal Rastra Bank has also turned lenient in case of blacklisted people not being able to open bank accounts. According to the new provision, blacklisted persons can open an account for the purpose of receiving social security allowance and pension amount. Similarly, the central bank has also made provision for blacklisted persons to withdraw their wages, social security allowances, pensions etc from their accounts as per the law.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At present, there is a provision of blacklisting an individual or firm in the Credit Information Center if the principal or interest payment date exceeds 1 year after taking a loan of Rs 1 million or more from a bank or financial institution.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, there is also a provision to blacklist them if it is proven that the loan has been misused, if it is proven that the goods/assets kept in security have been misused, if the debtor disappears, if there is not enough money in the account while issuing cheques. So far, about 70,000 people and companies are on the blacklist of the Credit Information Center.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Blacklisted persons are not allowed to open accounts and take loans from banks and financial institutions. The center also has the right to recommend the government to freeze the passports of such persons. Due to the impact of the Covid-19 pandemic and the slump in economic activities following the Russia-Ukraine war, businessmen have been demanding concessions from the government saying that their ability to pay debts has been weakened.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19333', 'image' => '20231130042312_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-11-30 16:22:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '19604', 'article_category_id' => '1', 'title' => 'NEPSE Dips Further, Investors Brace for Uncertainty', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange (NEPSE) continued its descent, losing 18.06 points or 0.96%, concluding at 1858.53 points in the week's final trading session on Thursday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 30: The Nepal Stock Exchange (NEPSE) continued its descent, losing 18.06 points or 0.96%, concluding at 1858.53 points in the week's final trading session on Thursday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Market analysts and seasoned investors point to the persisting decline as a reflection of investors' prevailing negative sentiment towards the market. They highlight that investors are adopting a cautious stance, eagerly awaiting the outcome of the Nepal Rastra Bank's quarterly review of the monetary policy.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Prem Wali, a veteran investor, emphasized, "The market is unlikely to shift towards an upward trajectory unless regulators consider easing policies governing the stock market."</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During the day, a total of 4,595,553 units of shares changed hands through 37,031 transactions, with 289 scrips traded, amounting to Rs 1.32 billion. Notably, Nepal Insurance Co. Ltd Promoter Share (NICLPO) led the charts with a substantial turnover exceeding Rs 11 crores.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of individual stock performances, Ru Ru Jalbidhyut Pariyojana Limited (RURU) saw the highest gain of 5.63%, whereas Vijaya Laghubitta Bittiya Sanstha Ltd. (VLBS) experienced the most significant loss, plummeting by 10% and hitting the negative circuit for the day.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Across sector indices, all sectors, except Mutual Fund, closed in the red zone. The Hydropower Index recorded the highest loss at 1.73%, while the Trading Index experienced a relatively milder decline at 0.34%.</span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19332', 'image' => '20231130035447_collage (13).jpg', 'article_date' => '2023-11-30 15:53:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '19603', 'article_category_id' => '1', 'title' => 'Stakeholders Call for Declaring Micro, Cottage and Small Industries as Priority Sector ', 'sub_title' => '', 'summary' => 'November 30: Stakeholders have called for declaring the micro, cottage and small industries as priority sector like agriculture in order to build a self-reliant economy and reduce trade deficit. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: Stakeholders have called for declaring the micro, cottage and small industries as priority sector like agriculture in order to build a self-reliant economy and reduce trade deficit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at a policy-level discussion programme organised by the Federation of Nepali Cottage and Small Industries in the capital recently, stakeholders urged the government to declare micro, cottage and small industries as priority sector considering their contribution to build self-sufficient economy and reduction in trade deficit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the federation’s President Umesh Prasad Singh said that promoting the micro, cottage and small industries through Industrial Enterprises Act would help build a prosperous economy.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">He pointed out the need of making a concrete action plan and implementing it for import substitution, export promotion, employment generation and production. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Singh also urged one and all to support the development of 'Virtual Market Place' operated commercially by the private sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the practice of charging 300 per cent fine on industries if they fail to renew their license should be stopped, outgoing President of the Federation, Shyam Prasad Giri, stressed that the acts, rules and work procedures of the federal, provincial and local-level governments should complement each other. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bagmati Province government’s Minister for Industry, Ram Krishna Chitrakar stressed on revising the Acts designed to implement federalism. He added that although the Provincial Industrial Policy has not been made so far, it is in the process of formulation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former Finance Secretary Shishir Dhungana and former Industry Secretary Yam Kumari Khatiwada presented working papers on subjects that needed to be incorporated in and amended in the province's Industrial Enterprises Act. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The programme was organised jointly by the Federation and USAID Trade and Competitiveness. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19331', 'image' => '20231130031315_SMEs.jpg', 'article_date' => '2023-11-30 15:12:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19602', 'article_category_id' => '1', 'title' => 'Europe's Biggest Nuclear Reactor goes Offline Again ', 'sub_title' => '', 'summary' => 'November 30: Finland's Olkiluoto 3, the largest nuclear reactor in Europe, stopped production on Wednesday after a test caused the plant unit to unexpectedly go offline, its operator TVO said. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">November 30: Finland's Olkiluoto 3, the largest nuclear reactor in Europe, stopped production on Wednesday after a test caused the plant unit to unexpectedly go offline, its operator TVO said. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">"During the test, the plant was supposed to produce electricity normally," said Johanna Aho, head of communication at TVO. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Before production was interrupted at 1:35 pm (1135 GMT), Olkiluoto 3 was undergoing a fault ride-through test where a short circuit is created near the power plant. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">"As a result of the test, the production at Olkiluoto 3 was interrupted," TVO said. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The company added that "the cause is being investigated in more detail." </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The reactor only resumed production last Wednesday following a shutdown due to a malfunctioning temperature measurement in the generator's cooling system. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The next-generation European pressurised water reactor (EPR), built by the French-led Areva-Siemens consortium, produces more than 10 percent of Finland's electricity. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Like several other EPR projects, the reactor, located on Finland's southwest coast, was plagued by repeated construction delays and billions of dollars in cost overruns. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Olkiluoto 3 is the single largest nuclear reactor in Europe, while Ukraine's Zaporizhzhia plant, with its six reactors, is the largest nuclear plant. – AFP/RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19330', 'image' => '20231130010718_Untitled.jpg', 'article_date' => '2023-11-30 13:06:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19600', 'article_category_id' => '1', 'title' => 'Service Sector will Require Ten Million Human Resources after Two Decades', 'sub_title' => '', 'summary' => 'November 30: The government has projected that 10 million manpower will be needed in the country's service sector after two decades.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 30: The government has projected that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million manpower will be needed in the country's service sector after two decades. A study on manpower projection conducted by the Ministry of Education has shown that a large number of manpower will be required in the service sector after two decades.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the projection, it is estimated that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">84</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">898</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">human resource will be required in the service sector in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2090</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">BS and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">03</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif""> 00</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">101</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2100</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> BS</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">By the end of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, the current Nepali year, it is estimated that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">45</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">74</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">693</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> manpower will be needed in the service sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The national manpower policy issued by the government has pointed out problems such as ensuring the areas of human resource generation, distribution and utilization. I has also identified lack of scientific projection of sectoral manpower, lack of coordination between the demand and supply of produced manpower, lack of an integrated mechanism to coordinate human resource activities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government is currently holding intensive discussions to implement the policy. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This policy is necessary for the development of sustainable and balanced national human resource by identifying the needs of every sector. The policy envisages creating human capital with technical, professional, scientific and managerial knowledge, endowed with skill and technology. The policy also suggests taking into consideration the demand and supply before producing human resources.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government is planning to form a human resource development commission or a committee with the participation of concerned ministries and the private sector to identify the issue of employment areas at the federal, state and local levels.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government will also set training standards. Issues such as self employment and employment will also be given due consideration.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Under Secretary at the Ministry of Education, Arjun Shrestha, said that this policy has made projections for various sectors and how to manage human resources. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19328', 'image' => '20231130123625_human-resource-management.jpeg', 'article_date' => '2023-11-30 12:35:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19599', 'article_category_id' => '1', 'title' => 'Axiata Announces Exit from Ncell', 'sub_title' => '', 'summary' => 'November 30: Malaysian company Axiata Group Berhad, the main investor of Ncell Axiata Limited, one of the leading telecom companies in Nepal, has announced that it will leave the company.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 30: Malaysian company Axiata Group Berhad, the main investor of Ncell Axiata Limited, one of the leading telecom companies in Nepal, has announced that it will leave the company. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata Group Berhad has announced that it will exit the company by selling its assets and liabilities citing falling business in Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata announced the sale of shares in its quarterly report of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> published on Wednesday. The decision to sell the shares in Ncell has been approved by the Board of Directors meeting held on September </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">29</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report also mentions that the purchase and sale will be completed within </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">12</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> months after the decision to sell the shares is approved.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata Group entered Nepal in purchasing the shares of Ncell from Reynolds Holding Limited of West Indies. The Malaysian company’s share in Ncell is </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. The remaining </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent share is owned by local partner Sunivera Capital Ventures Pvt.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The data of rating agency ICRA Nepal shows that the income of Ncell Axiata Limited has continuously declined for six years. Axiata, which entered Nepal in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2016</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, made the maximum income in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2018.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Since then, its income has continuously declined, according to the September report of ICRA Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the report, the company's operating income of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">59.81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2018</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> has dropped by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">37.40</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the unaudited report of the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, the company has earned an operating income of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">37</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">44</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Axiata's report, Ncell contributed </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1.3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent to Nepal's gross domestic product for the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2021/22. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report also states that the company has paid more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">283</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in taxes to the government so far.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">It is also mentioned in the quarterly report that Ncell has spent more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">75 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion on social causes.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19327', 'image' => '20231130105406_ncell.jpg', 'article_date' => '2023-11-30 10:53:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19597', 'article_category_id' => '1', 'title' => 'Light Rain and Snowfall Likely at Few Places Today ', 'sub_title' => '', 'summary' => 'November 30: The Westerly wind along with the low-pressure area that has developed around Rajsthan of India is having a general influence in Nepal at present. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: The Westerly wind along with the low-pressure area that has developed around Rajsthan of India is having a general influence in Nepal at present. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly to generally cloudy with chances of light rain at some places of the hill region of the country today, November 30. The weather is partly cloudy in Madhes, Bagmati, Gandaki and Lumbini provinces today, and generally fair in the rest of the regions, according to the Meteorological Forecasting Division’s Department of Hydrology and Meteorology. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly to generally cloudy in Koshi, Bagmati, Gandaki, Lumbini and Karnali provinces, and generally fair in the rest of the country towards the afternoon with chances of light rain at one or two places of Madhes, Bagmati, Gandaki and Lumbini provinces and the hill region. There is a possibility of light snowfall at a few places of the high-hill and mountainous region, it is stated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly cloudy in the hill regions of Bagmati, Gandaki, Lumbini, Karnali and Sudurpaschim provinces tonight. There are chances of light snowfall at one or two places in the high-hill and mountainous region of Koshi and Gandaki provinces tonight, the Division said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The sky in Kathmandu Valley is partly cloudy since today morning. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19326', 'image' => '20231130102350_20231031081515_20211108051750_20190228040359_DSC_2752.jpg', 'article_date' => '2023-11-30 10:22:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19598', 'article_category_id' => '1', 'title' => 'NA Election for Vacant Posts to be Held on January 25 ', 'sub_title' => '', 'summary' => 'November 30: The government has decided to hold the National Assembly elections on January 25. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: The government has decided to hold the National Assembly elections on January 25. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Council of Ministers held at the Singha Durbar-based Office of Prime Minister and Council of Ministers took a decision to this effect on Wednesday, according to Minister for Communications and Information Technology, Rekha Sharma. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharma, who is also the government’s spokesperson, informed RSS that the decision was taken in consultation with the Election Commission. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the terms of one third of the NA members i.e. 20 parliamentarians including Chairperson Ganesh Prasad Timilsina will be ending on March 3 next year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The outgoing parliamentarians are Anita Devkota, Jitendra Narayan Dev, Prakash Pantha and Ramesh Jung Raymajhi from Nepali Congress, Indu Kadariya, Deepa Gurung, Dil Kumari Rawal, Kumar Dasaudi, Narpati Luwar, Bhairav Sundar Shrestha and Ramchandra Rai from CPN (UML). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the tenure of Bina Pokharel, Mahesh Kumar Mahara and Hariram Chaudhary from CPN (Maoist Centre), Pramila Kumari of Janata Samajwadi Party, Nanda Chapagain and Singh Bahadur Bishwakarma of CPN (Unified Socialist), independent parliamentarian Khimlal Devkota and nominated parliamentarian Dr Bimala Paudyal is coming to an end. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, Minister Sharma further shared that the government decided to mobilize security agencies for construction of temporary shelters for quake survivors in Jajarkot. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A 6.4 magnitude quake jolted on November 3 in some districts of Karnali Province with epicenter in Jajarkot district inflicting a massive loss of lives and properties. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharma said that additional human resources would be deployed in the quake affected areas for construction of such shelters if demand is made from the Chief District Officers. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19325', 'image' => '20231130103111_20230713052749_parliament building.jpg', 'article_date' => '2023-11-30 10:30:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '19596', 'article_category_id' => '1', 'title' => 'PM Dahal off to the UAE to Attend COP-28', 'sub_title' => '', 'summary' => 'Prime Minister Pushpa Kamal Dahal ‘Prachanda’ left for Dubai, the United Arab Emirates, leading the Nepali delegation to the 28th Conference of Parties (COP 28) to the United Nations Framework Convention on Climate Change being held in Dubai from November 30 to December 12.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 30: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ left for Dubai, the United Arab Emirates, leading the Nepali delegation to the 28th Conference of Parties (COP 28) to the United Nations Framework Convention on Climate Change being held in Dubai from November 30 to December 12. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Prime Minister Dahal is scheduled to attend the high-level segment of the COP-28 World Climate Action Summit being held from December 1 to 2. He will also deliver a national statement on December 02. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, Dahal is scheduled to attend the 52nd Union Day celebration of the UAE and Zayed Sustainability Prize Awards ceremony hosted by the UAE. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During the visit, the Prime Minister is hosting a high-level side event entitled 'Call of the Mountain: Who Saves us from the Climate Crisis?' on December 2 to raise the voice of Nepal on climate change as well as to promote mountain agenda in the COP negotiation process. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the margins of the high-level segment, he will have bilateral meetings with heads of state, heads of government and other dignitaries attending the conference.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Moreover, Prime Minister Dahal will visit the Embassy of Nepal in Abu Dhabi, interact with Nepali community and address the Nepal-UAE Business Summit. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He is accompanied by his daughter Ganga Dahal, Minister for Forest and Environment Dr Birendra Prasad Mahato and other senior officials of government. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Prime Minister was seen off at Tribhuvan International Airport by the Speaker, Deputy Prime Ministers, and Ministers. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19324', 'image' => '20231130060428_collage (25).jpg', 'article_date' => '2023-11-30 06:02:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '19595', 'article_category_id' => '1', 'title' => 'Bhim Prasad Gautam New CEO of IPPAN', 'sub_title' => '', 'summary' => 'Bhim Prasad Gautam has been appointed as the Chief Executive Officer of the Independent Power Producers’ Association, Nepal (IPPAN). IPPAN, the umbrella organization for energy producers, appointed Gautam as the CEO for a term of three years on Wednesday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 29: Bhim Prasad Gautam has been appointed as the Chief Executive Officer of the Independent Power Producers’ Association, Nepal (IPPAN). IPPAN, the umbrella organization for energy producers, appointed Gautam as the CEO for a term of three years on Wednesday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">IPPAN President Ganesh Karki welcomed Gautam as the new CEO, expressing confidence that under his leadership, the organization would achieve new heights. The newly appointed CEO, Gautam, also pledged to contribute fully to IPPAN's growth during his tenure.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Gautam, a seasoned journalist from Banepa, Kavrepalanchok, has over two decades of experience in journalism, particularly in the fields of energy and infrastructure. He has been actively involved in addressing various issues related to energy and has served as the former president of the The Society of Economic Journalists-Nepal (SEJON). </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Gautam, who holds a master's degree in journalism from Tribhuvan University, currently conducts research as the executive director of the Center for Investigative Journalism, Nepal. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19323', 'image' => '20231129044412_collage (12).jpg', 'article_date' => '2023-11-29 16:43:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '19610', 'article_category_id' => '1', 'title' => 'Govt to Establish Vocational Training Academy ', 'sub_title' => '', 'summary' => 'December 1: The government has decided to establish National Vocational Training Academy Development Committee to impart needs-based training to produce skilled and competitive human resources for domestic and international markets. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">December 1: The government has decided to establish National Vocational Training Academy Development Committee to impart needs-based training to produce skilled and competitive human resources for domestic and international markets. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Labour, Employment and Social Security (MoLES) decided to form the Academy under the chairmanship of MoLES Secretary Kebal Prasad Bhandari. The Academy shall have 12 Board of Directors. Representatives from Ministry of Finance, Ministry of Education, Ministry of Industry, Foreign Employment Board, the FNCCI, Joint Trade Union Coordination Centre and other related institutions shall represent the Board of Directors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the MoLES, the Academy would conduct and manage training programmes to produce skilled and competitive human resources as well as entrepreneur with skills in line with the domestic and international market needs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A notice on the formation of the National Vocational Training Academy Development Committee has also been published in the Nepal Gazatte. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the publication of the notice, the vocational and skills development academies situated in Bhainsepati, Itahari and Butwal have been brought under the National Vocational Training Academy Development Committee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Commenting on the formation of the National Vocational Training Academy Development Committee, Minister for Labour Sharat Singh Bhandari said the Academy would fulfill the needs of the labour market by producing skilled human resources. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"There is a huge demand for skilled human resources in the national and international market. Nepali workers have not gotten due wages and security for our failure to produce skilled human resources. The Academy shall work to impart international-level training," said the minister. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-12-01', 'modified' => '2023-12-01', 'keywords' => 'vocational, training, academy, committee, government, Nepal, formation, establish, ministry, skill, competitiveness, market, demand, needs', 'description' => '', 'sortorder' => '19338', 'image' => '20231201124704_vocational training.jpg', 'article_date' => '2023-12-01 12:45:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19609', 'article_category_id' => '1', 'title' => 'Nepal Accepts USD 20 Million in Grant from World Bank for Food Security ', 'sub_title' => '', 'summary' => 'December 1: The government has decided to accept grant aid of USD 20 million from the World Bank for food security and nutrition projects. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">December 1: The government has decided to accept grant aid of USD 20 million from the World Bank for food security and nutrition projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharing the decisions made by the recent meeting of the Council of Ministers, Minister for Communications and Information Technology Rekha Sharma said that the government will also accept Rs 650 million grant aid provided by the Swiss government for the development of the education sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, a decision has been made to depute Nepalese Army, Nepal Police and Armed Police Force personnel to build temporary housing for Jajarkot earthquake survivors. According to the decision of the District Security Committee, it has been decided to instruct the relevant agencies to provide the necessary personnel from the Nepalese Army, Nepal Police and Armed Police Force immediately, Minister Sharma said. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-12-01', 'modified' => '2023-12-01', 'keywords' => 'Nepal, world, bank, grant, food, security, million, US, dollar, cabinet, meeting, Council, ministers', 'description' => '', 'sortorder' => '19337', 'image' => '20231201120650_agri maize.jpg', 'article_date' => '2023-12-01 12:06:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19608', 'article_category_id' => '1', 'title' => 'EU Extends Ban on Nepali Airline Companies', 'sub_title' => '', 'summary' => 'December 1: The European Union (EU) has maintained the ban imposed on the Nepali airline companies from flying in the European skies.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">December 1: The European Union (EU) has maintained the ban imposed on the Nepali airline companies from flying in the European skies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The EU has banned Nepali airline companies from flying in its airspace since December 2013 citing safety concerns.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The EU on Thursday published a list of the countries and the airline companies that have banned due to safety concerns. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the list, the aircraft of all airlines of Nepal will not allowed to fly in European skies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the past, the EU had argued that it banned the Nepali airlines companies due to the failure of the Government of Nepal to split the Civil Aviation Authority of Nepal (CAAN) into two entities – a regulatory body and a service provider.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This time, the EU has mentioned that it has not removed the Nepali airliners from the blacklist due to the weakness on security compliance of two airline companies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">CAAN Spokesperson Jagannath Niraula confirmed that the EU has maintained the list of security restrictions this time as well. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“This time, the EU did not point out the weakness of the authority,” he said, adding that the Nepali airliners were not removed from the blacklist because of the weaknesses of the airline companies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A delegation of the EU had conducted an on-site audit of Nepali airline companies from September 11 to 15 and found some shortcomings in the state-owned Nepal Airlines Company and Shree Airlines.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Niraula said that the problems shown in these two companies would be rectified and progress reports would be sent periodically to the EU. He added that the CAAN will now instruct Nepal Airlines and Shree Airlines to improve the shortcomings shown by the EU. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">After conducting the audit in September, the EU prepared a report recommending continuation of the ban on Nepali airline companies. The report mentions that Nepal Airlines and Shree Airlines do not meet the safety standards.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The report further mentions that the restrictions have been kept in place due to the weaknesses and non-compliance of the instructions given by the regulator, lack of flight schedule management, flight time limitation, flight plan among others.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It may be noted that the Nepal Airlines Corporation on Wednesday preponed its scheduled flight to the UAE from 11:30 PM to 9:30 PM without any prior notice just for the convenience of Prime Minister Pushpa Kamal Dahal, who was to travel to the Gulf state to attend the COP summit on the same flight. It led inconvenience to other passengers who were not informed about the decision to prepone the flight. As a result, 31 passengers missed the flight. Later, the flag carrier of Nepal issued a public apology and pledged to accommodate those who missed the flight in the next flight. </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-12-01', 'modified' => '2023-12-01', 'keywords' => 'European, Union, EU, aviation, Nepal, airlines, safety, list, blacklist, concern, airspace, ban, audit, report, recommendation', 'description' => '', 'sortorder' => '19336', 'image' => '20231201113242_naccccc.jpg', 'article_date' => '2023-12-01 11:31:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19607', 'article_category_id' => '1', 'title' => 'Government Forms Committee to Study the Involvement of Nepali Citizens in Russian Army', 'sub_title' => '', 'summary' => 'December 1: The Ministry of Labor, Employment and Social Security has formed a committee to study the involvement of Nepali citizens in the Russian army.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">December 1: The Ministry of Labor, Employment and Social Security has formed a committee to study the involvement of Nepali citizens in the Russian Army. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government started inquiring about how Nepali youths joined the Russian army after the death of four Nepali citizens in the Russia-Ukraine war a few days ago. To end the confusion, the ministry has formed a committee to submit a response with suggestions, said Rajiv Pokharel, the joint-secretary of the ministry. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">There have been concerns that the Nepali nationals who joined the Russian Army used visit visas and student visas to engage in the war which Russia started in February last year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The ministry said that a three-member committee has been formed under the coordination of Deepak Dhakal, under-secretary of the ministry. The committee has been given </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">days to submit the report with recommendations.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-12-01', 'modified' => '2023-12-01', 'keywords' => '', 'description' => '', 'sortorder' => '19335', 'image' => '20231201105827_Russian troops.jpg', 'article_date' => '2023-12-01 10:57:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '19606', 'article_category_id' => '1', 'title' => 'NOC Slashes Fuel Prices', 'sub_title' => '', 'summary' => 'The Nepal Oil Corporation (NOC) has cut down the fuel prices effective from December 1.', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">December 1: The Nepal Oil Corporation (NOC) has cut down the fuel prices effective from December 1. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to a press statement issued on Thursday night, the NOC disclosed that the prices of diesel and kerosene would be reduced by Rs 4 per litre, while the price of petrol would see a decrease of Rs 2 per litre.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Despite incurring a loss of Rs 300 per cylinder, the NOC decided to keep the price of Liquified Petroleum Gas (LP Gas) unchanged.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Under the new pricing structure, petrol in the Kathmandu Valley, Pokhara, and Doti will cost Rs 170 per litre, while diesel and kerosene in these locations will be priced at Rs 160 per litre, as confirmed by the NOC.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-12-01', 'modified' => '2023-12-01', 'keywords' => '', 'description' => '', 'sortorder' => '19334', 'image' => '20231201054201_collage (26).jpg', 'article_date' => '2023-12-01 05:40:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '19605', 'article_category_id' => '1', 'title' => 'Nepal Rastra Bank Turns Flexible on Blacklisting Provisions', 'sub_title' => '', 'summary' => 'November 30: Nepal Rastra Bank has become flexible towards loan defaulters considering that the number of people blacklisted by banks and financial institutions is rising due to their inability to repay loans on time owing to the economic recession.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 30: Nepal Rastra Bank has become flexible towards loan defaulters considering that the number of people blacklisted by banks and financial institutions is rising due to their inability to repay loans on time owing to the economic recession.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank on Wednesday amended the Unified Directives 2080 and relaxed the provision of blacklisting loan defaulters in the Credit Information Center.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the instructions of the NRB, now the banks and financial institutions will have to first auction the property of the borrowers that had been kept as collateral, before blacklisting the defaulters. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The new directive states that if the recovery from the collateral is not enough, the guarantor should be given 90 days to pay the remaining amount of loan before being blacklisted. Earlier, there was a provision to give a written notice of 35 days to the guarantor before including them in the blacklist.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the new arrangement, now the banks will be allowed to start the recovery process of loan from the guarantor only if the loan is not recovered after the auction of the collateral of the debtor. Until now, banks used to blacklist the borrower along with the guarantor if they failed to repay the loans on time.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the central bank has made arrangements under which if one firm or company affiliated to a joint venture (JV) is blacklisted, other firms and companies associated with the same JV should not be blacklisted. NRB has become flexible after the rise in the number of people blacklisted by the Credit Information Center.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, Nepal Rastra Bank has also turned lenient in case of blacklisted people not being able to open bank accounts. According to the new provision, blacklisted persons can open an account for the purpose of receiving social security allowance and pension amount. Similarly, the central bank has also made provision for blacklisted persons to withdraw their wages, social security allowances, pensions etc from their accounts as per the law.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">At present, there is a provision of blacklisting an individual or firm in the Credit Information Center if the principal or interest payment date exceeds 1 year after taking a loan of Rs 1 million or more from a bank or financial institution.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, there is also a provision to blacklist them if it is proven that the loan has been misused, if it is proven that the goods/assets kept in security have been misused, if the debtor disappears, if there is not enough money in the account while issuing cheques. So far, about 70,000 people and companies are on the blacklist of the Credit Information Center.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Blacklisted persons are not allowed to open accounts and take loans from banks and financial institutions. The center also has the right to recommend the government to freeze the passports of such persons. Due to the impact of the Covid-19 pandemic and the slump in economic activities following the Russia-Ukraine war, businessmen have been demanding concessions from the government saying that their ability to pay debts has been weakened.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19333', 'image' => '20231130042312_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-11-30 16:22:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '19604', 'article_category_id' => '1', 'title' => 'NEPSE Dips Further, Investors Brace for Uncertainty', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange (NEPSE) continued its descent, losing 18.06 points or 0.96%, concluding at 1858.53 points in the week's final trading session on Thursday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 30: The Nepal Stock Exchange (NEPSE) continued its descent, losing 18.06 points or 0.96%, concluding at 1858.53 points in the week's final trading session on Thursday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Market analysts and seasoned investors point to the persisting decline as a reflection of investors' prevailing negative sentiment towards the market. They highlight that investors are adopting a cautious stance, eagerly awaiting the outcome of the Nepal Rastra Bank's quarterly review of the monetary policy.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Prem Wali, a veteran investor, emphasized, "The market is unlikely to shift towards an upward trajectory unless regulators consider easing policies governing the stock market."</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During the day, a total of 4,595,553 units of shares changed hands through 37,031 transactions, with 289 scrips traded, amounting to Rs 1.32 billion. Notably, Nepal Insurance Co. Ltd Promoter Share (NICLPO) led the charts with a substantial turnover exceeding Rs 11 crores.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of individual stock performances, Ru Ru Jalbidhyut Pariyojana Limited (RURU) saw the highest gain of 5.63%, whereas Vijaya Laghubitta Bittiya Sanstha Ltd. (VLBS) experienced the most significant loss, plummeting by 10% and hitting the negative circuit for the day.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Across sector indices, all sectors, except Mutual Fund, closed in the red zone. The Hydropower Index recorded the highest loss at 1.73%, while the Trading Index experienced a relatively milder decline at 0.34%.</span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19332', 'image' => '20231130035447_collage (13).jpg', 'article_date' => '2023-11-30 15:53:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '19603', 'article_category_id' => '1', 'title' => 'Stakeholders Call for Declaring Micro, Cottage and Small Industries as Priority Sector ', 'sub_title' => '', 'summary' => 'November 30: Stakeholders have called for declaring the micro, cottage and small industries as priority sector like agriculture in order to build a self-reliant economy and reduce trade deficit. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: Stakeholders have called for declaring the micro, cottage and small industries as priority sector like agriculture in order to build a self-reliant economy and reduce trade deficit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at a policy-level discussion programme organised by the Federation of Nepali Cottage and Small Industries in the capital recently, stakeholders urged the government to declare micro, cottage and small industries as priority sector considering their contribution to build self-sufficient economy and reduction in trade deficit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the federation’s President Umesh Prasad Singh said that promoting the micro, cottage and small industries through Industrial Enterprises Act would help build a prosperous economy.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">He pointed out the need of making a concrete action plan and implementing it for import substitution, export promotion, employment generation and production. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Singh also urged one and all to support the development of 'Virtual Market Place' operated commercially by the private sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the practice of charging 300 per cent fine on industries if they fail to renew their license should be stopped, outgoing President of the Federation, Shyam Prasad Giri, stressed that the acts, rules and work procedures of the federal, provincial and local-level governments should complement each other. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bagmati Province government’s Minister for Industry, Ram Krishna Chitrakar stressed on revising the Acts designed to implement federalism. He added that although the Provincial Industrial Policy has not been made so far, it is in the process of formulation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former Finance Secretary Shishir Dhungana and former Industry Secretary Yam Kumari Khatiwada presented working papers on subjects that needed to be incorporated in and amended in the province's Industrial Enterprises Act. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The programme was organised jointly by the Federation and USAID Trade and Competitiveness. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19331', 'image' => '20231130031315_SMEs.jpg', 'article_date' => '2023-11-30 15:12:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19602', 'article_category_id' => '1', 'title' => 'Europe's Biggest Nuclear Reactor goes Offline Again ', 'sub_title' => '', 'summary' => 'November 30: Finland's Olkiluoto 3, the largest nuclear reactor in Europe, stopped production on Wednesday after a test caused the plant unit to unexpectedly go offline, its operator TVO said. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">November 30: Finland's Olkiluoto 3, the largest nuclear reactor in Europe, stopped production on Wednesday after a test caused the plant unit to unexpectedly go offline, its operator TVO said. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">"During the test, the plant was supposed to produce electricity normally," said Johanna Aho, head of communication at TVO. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Before production was interrupted at 1:35 pm (1135 GMT), Olkiluoto 3 was undergoing a fault ride-through test where a short circuit is created near the power plant. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">"As a result of the test, the production at Olkiluoto 3 was interrupted," TVO said. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The company added that "the cause is being investigated in more detail." </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The reactor only resumed production last Wednesday following a shutdown due to a malfunctioning temperature measurement in the generator's cooling system. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The next-generation European pressurised water reactor (EPR), built by the French-led Areva-Siemens consortium, produces more than 10 percent of Finland's electricity. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Like several other EPR projects, the reactor, located on Finland's southwest coast, was plagued by repeated construction delays and billions of dollars in cost overruns. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Olkiluoto 3 is the single largest nuclear reactor in Europe, while Ukraine's Zaporizhzhia plant, with its six reactors, is the largest nuclear plant. – AFP/RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19330', 'image' => '20231130010718_Untitled.jpg', 'article_date' => '2023-11-30 13:06:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19600', 'article_category_id' => '1', 'title' => 'Service Sector will Require Ten Million Human Resources after Two Decades', 'sub_title' => '', 'summary' => 'November 30: The government has projected that 10 million manpower will be needed in the country's service sector after two decades.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 30: The government has projected that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million manpower will be needed in the country's service sector after two decades. A study on manpower projection conducted by the Ministry of Education has shown that a large number of manpower will be required in the service sector after two decades.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the projection, it is estimated that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">84</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">898</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">human resource will be required in the service sector in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2090</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">BS and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">03</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif""> 00</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">101</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2100</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> BS</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">By the end of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, the current Nepali year, it is estimated that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">45</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">74</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">693</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> manpower will be needed in the service sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The national manpower policy issued by the government has pointed out problems such as ensuring the areas of human resource generation, distribution and utilization. I has also identified lack of scientific projection of sectoral manpower, lack of coordination between the demand and supply of produced manpower, lack of an integrated mechanism to coordinate human resource activities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government is currently holding intensive discussions to implement the policy. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This policy is necessary for the development of sustainable and balanced national human resource by identifying the needs of every sector. The policy envisages creating human capital with technical, professional, scientific and managerial knowledge, endowed with skill and technology. The policy also suggests taking into consideration the demand and supply before producing human resources.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government is planning to form a human resource development commission or a committee with the participation of concerned ministries and the private sector to identify the issue of employment areas at the federal, state and local levels.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government will also set training standards. Issues such as self employment and employment will also be given due consideration.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Under Secretary at the Ministry of Education, Arjun Shrestha, said that this policy has made projections for various sectors and how to manage human resources. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19328', 'image' => '20231130123625_human-resource-management.jpeg', 'article_date' => '2023-11-30 12:35:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19599', 'article_category_id' => '1', 'title' => 'Axiata Announces Exit from Ncell', 'sub_title' => '', 'summary' => 'November 30: Malaysian company Axiata Group Berhad, the main investor of Ncell Axiata Limited, one of the leading telecom companies in Nepal, has announced that it will leave the company.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 30: Malaysian company Axiata Group Berhad, the main investor of Ncell Axiata Limited, one of the leading telecom companies in Nepal, has announced that it will leave the company. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata Group Berhad has announced that it will exit the company by selling its assets and liabilities citing falling business in Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata announced the sale of shares in its quarterly report of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> published on Wednesday. The decision to sell the shares in Ncell has been approved by the Board of Directors meeting held on September </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">29</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report also mentions that the purchase and sale will be completed within </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">12</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> months after the decision to sell the shares is approved.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata Group entered Nepal in purchasing the shares of Ncell from Reynolds Holding Limited of West Indies. The Malaysian company’s share in Ncell is </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. The remaining </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent share is owned by local partner Sunivera Capital Ventures Pvt.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The data of rating agency ICRA Nepal shows that the income of Ncell Axiata Limited has continuously declined for six years. Axiata, which entered Nepal in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2016</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, made the maximum income in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2018.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Since then, its income has continuously declined, according to the September report of ICRA Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the report, the company's operating income of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">59.81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2018</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> has dropped by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">37.40</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the unaudited report of the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, the company has earned an operating income of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">37</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">44</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Axiata's report, Ncell contributed </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1.3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent to Nepal's gross domestic product for the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2021/22. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report also states that the company has paid more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">283</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in taxes to the government so far.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">It is also mentioned in the quarterly report that Ncell has spent more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">75 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion on social causes.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19327', 'image' => '20231130105406_ncell.jpg', 'article_date' => '2023-11-30 10:53:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19597', 'article_category_id' => '1', 'title' => 'Light Rain and Snowfall Likely at Few Places Today ', 'sub_title' => '', 'summary' => 'November 30: The Westerly wind along with the low-pressure area that has developed around Rajsthan of India is having a general influence in Nepal at present. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: The Westerly wind along with the low-pressure area that has developed around Rajsthan of India is having a general influence in Nepal at present. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly to generally cloudy with chances of light rain at some places of the hill region of the country today, November 30. The weather is partly cloudy in Madhes, Bagmati, Gandaki and Lumbini provinces today, and generally fair in the rest of the regions, according to the Meteorological Forecasting Division’s Department of Hydrology and Meteorology. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly to generally cloudy in Koshi, Bagmati, Gandaki, Lumbini and Karnali provinces, and generally fair in the rest of the country towards the afternoon with chances of light rain at one or two places of Madhes, Bagmati, Gandaki and Lumbini provinces and the hill region. There is a possibility of light snowfall at a few places of the high-hill and mountainous region, it is stated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly cloudy in the hill regions of Bagmati, Gandaki, Lumbini, Karnali and Sudurpaschim provinces tonight. There are chances of light snowfall at one or two places in the high-hill and mountainous region of Koshi and Gandaki provinces tonight, the Division said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The sky in Kathmandu Valley is partly cloudy since today morning. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19326', 'image' => '20231130102350_20231031081515_20211108051750_20190228040359_DSC_2752.jpg', 'article_date' => '2023-11-30 10:22:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19598', 'article_category_id' => '1', 'title' => 'NA Election for Vacant Posts to be Held on January 25 ', 'sub_title' => '', 'summary' => 'November 30: The government has decided to hold the National Assembly elections on January 25. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: The government has decided to hold the National Assembly elections on January 25. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Council of Ministers held at the Singha Durbar-based Office of Prime Minister and Council of Ministers took a decision to this effect on Wednesday, according to Minister for Communications and Information Technology, Rekha Sharma. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharma, who is also the government’s spokesperson, informed RSS that the decision was taken in consultation with the Election Commission. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the terms of one third of the NA members i.e. 20 parliamentarians including Chairperson Ganesh Prasad Timilsina will be ending on March 3 next year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The outgoing parliamentarians are Anita Devkota, Jitendra Narayan Dev, Prakash Pantha and Ramesh Jung Raymajhi from Nepali Congress, Indu Kadariya, Deepa Gurung, Dil Kumari Rawal, Kumar Dasaudi, Narpati Luwar, Bhairav Sundar Shrestha and Ramchandra Rai from CPN (UML). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the tenure of Bina Pokharel, Mahesh Kumar Mahara and Hariram Chaudhary from CPN (Maoist Centre), Pramila Kumari of Janata Samajwadi Party, Nanda Chapagain and Singh Bahadur Bishwakarma of CPN (Unified Socialist), independent parliamentarian Khimlal Devkota and nominated parliamentarian Dr Bimala Paudyal is coming to an end. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, Minister Sharma further shared that the government decided to mobilize security agencies for construction of temporary shelters for quake survivors in Jajarkot. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A 6.4 magnitude quake jolted on November 3 in some districts of Karnali Province with epicenter in Jajarkot district inflicting a massive loss of lives and properties. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharma said that additional human resources would be deployed in the quake affected areas for construction of such shelters if demand is made from the Chief District Officers. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19325', 'image' => '20231130103111_20230713052749_parliament building.jpg', 'article_date' => '2023-11-30 10:30:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '19596', 'article_category_id' => '1', 'title' => 'PM Dahal off to the UAE to Attend COP-28', 'sub_title' => '', 'summary' => 'Prime Minister Pushpa Kamal Dahal ‘Prachanda’ left for Dubai, the United Arab Emirates, leading the Nepali delegation to the 28th Conference of Parties (COP 28) to the United Nations Framework Convention on Climate Change being held in Dubai from November 30 to December 12.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 30: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ left for Dubai, the United Arab Emirates, leading the Nepali delegation to the 28th Conference of Parties (COP 28) to the United Nations Framework Convention on Climate Change being held in Dubai from November 30 to December 12. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Prime Minister Dahal is scheduled to attend the high-level segment of the COP-28 World Climate Action Summit being held from December 1 to 2. He will also deliver a national statement on December 02. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, Dahal is scheduled to attend the 52nd Union Day celebration of the UAE and Zayed Sustainability Prize Awards ceremony hosted by the UAE. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During the visit, the Prime Minister is hosting a high-level side event entitled 'Call of the Mountain: Who Saves us from the Climate Crisis?' on December 2 to raise the voice of Nepal on climate change as well as to promote mountain agenda in the COP negotiation process. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the margins of the high-level segment, he will have bilateral meetings with heads of state, heads of government and other dignitaries attending the conference.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Moreover, Prime Minister Dahal will visit the Embassy of Nepal in Abu Dhabi, interact with Nepali community and address the Nepal-UAE Business Summit. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He is accompanied by his daughter Ganga Dahal, Minister for Forest and Environment Dr Birendra Prasad Mahato and other senior officials of government. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Prime Minister was seen off at Tribhuvan International Airport by the Speaker, Deputy Prime Ministers, and Ministers. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19324', 'image' => '20231130060428_collage (25).jpg', 'article_date' => '2023-11-30 06:02:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '19595', 'article_category_id' => '1', 'title' => 'Bhim Prasad Gautam New CEO of IPPAN', 'sub_title' => '', 'summary' => 'Bhim Prasad Gautam has been appointed as the Chief Executive Officer of the Independent Power Producers’ Association, Nepal (IPPAN). IPPAN, the umbrella organization for energy producers, appointed Gautam as the CEO for a term of three years on Wednesday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 29: Bhim Prasad Gautam has been appointed as the Chief Executive Officer of the Independent Power Producers’ Association, Nepal (IPPAN). IPPAN, the umbrella organization for energy producers, appointed Gautam as the CEO for a term of three years on Wednesday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">IPPAN President Ganesh Karki welcomed Gautam as the new CEO, expressing confidence that under his leadership, the organization would achieve new heights. The newly appointed CEO, Gautam, also pledged to contribute fully to IPPAN's growth during his tenure.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Gautam, a seasoned journalist from Banepa, Kavrepalanchok, has over two decades of experience in journalism, particularly in the fields of energy and infrastructure. He has been actively involved in addressing various issues related to energy and has served as the former president of the The Society of Economic Journalists-Nepal (SEJON). </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Gautam, who holds a master's degree in journalism from Tribhuvan University, currently conducts research as the executive director of the Center for Investigative Journalism, Nepal. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19323', 'image' => '20231129044412_collage (12).jpg', 'article_date' => '2023-11-29 16:43:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
